Hot Wallet

Digital wallet connected to the internet to manage cryptocurrencies quickly and affordably.

What is it? - Dummies

It's a digital wallet that's always online so you can use your crypto money fast.

What is it? - PRO

A hot wallet is a cryptocurrency wallet connected to the internet that allows fast and frequent transactions, but with greater exposure to security risks in the face of online attacks.

Key points

Frequent use and immediate access.

It can be software on mobile, web or desktop.

Less secure than cold wallets.

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Sales and disadvantages

Advantages:

Easy and fast to send and receive funds.
Ideal for daily trading and payments.

Disadvantages:

Higher risk of hacking and phishing.
Not recommended for long-term storage of large quantities.

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