Hot Wallets

Hot wallets are cryptocurrency wallets that are connected to the internet and are therefore considered more vulnerable to hacking and cyberattacks. These wallets are often used for frequent transactions and day-to-day use, as they provide quick and easy access to your cryptocurrency funds.

There are several types of hot wallets, including desktop wallets, mobile wallets, and web wallets. Desktop wallets are downloaded and installed on your computer, while mobile wallets are installed on your smartphone or tablet. Web wallets are accessed through a browser and can be used on any device with an internet connection.

Hot wallets are considered less secure than cold wallets, which are offline wallets that are not connected to the internet. However, there are steps you can take to increase the security of your hot wallet, such as using two-factor authentication and choosing a strong password.

Some popular hotwallets include:

MetaMask

Coinbase Wallet

Atomic Wallet

Trust Wallet