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Definition
A cryptocurrency wallet connected to the internet. Exchange wallets and phone apps are hot wallets. They're convenient for frequent trading but riskier than cold storage because they're accessible to hackers.
Related Terms
A cryptocurrency wallet that's not connected to the internet.
Software or hardware that stores your cryptocurrency private keys and lets you send and receive tokens.
A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.
The intersection of artificial intelligence and blockchain technology.
A marketing strategy where crypto projects distribute free tokens to wallet addresses.
Strategically using protocols before they launch a token to qualify for free airdrops.
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