A hot wallet is a Bitcoin or Crypto wallet that’s connected to the internet. It’s usually an app on your phone, your computer, or inside a cryptocurrency exchange account. Because it’s always online, a hot wallet is easy to use - but also more exposed to digital risk like hacking, malware (viruses), human error (accidental backups to the cloud, screen shots of your keys or information and weak passwords), or phishing where scammers trick you into clicking fake links or entering your private info into fake sites. Even if you’re careful, storing Bitcoin online 24/7 increase the number of ways something can go wrong.

Know the Limits

Think of a hot wallet like your daily carry wallet. It’s fine for lunch or coffee money - not for rent, retirement, or your child’s college fund. Protect your Future.