A hot wallet is a crypto wallet connected to an internet-enabled device, such as a browser or mobile app.
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Short definition
Hot Wallet is a hot wallet is a crypto wallet connected to an internet-enabled device, such as a browser or mobile app.
Simple explanation
Hot wallets are convenient for daily use but usually have more exposure to phishing, malware, and risky dApp interactions.
Why it matters
Many users separate hot wallets from long-term storage wallets to reduce risk.
Example context
A browser extension wallet used for DEX swaps is usually considered a hot wallet.