A “hot wallet” is an online digital walletA crypto wallet is a tool that allows users to interact with blockchain networks. They are necessary when sending and... Read More that stores private keys. Hot wallets store and manage cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... and other digital assetsDigital assets are items of value that can be stored and traded electronically, including cryptocurrencies, tokens, smart contracts, and other... Read More for day-to-day transactions. Hot wallets offer convenient access to cryptocurrency and digital asset holdings, whereas cold wallets provide greater security for long-term storage.
