A “hot wallet” is an online digital walletWallets are a digital storage facility for digital currency. A wallets can exist as a software program on a computer... Read More that stores private keys. Hot wallets store and manage cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More 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.
