Hot Wallet
Definition
An online cryptocurrency wallet that is connected to the internet, designed for convenient daily transactions and quick access. More accessible than cold wallets but exposed to online threats.
Example
Exchange wallets (Coinbase, Binance) and software wallets (MetaMask) are typical hot wallets used for active trading.
Related Terms
Frequently Asked Question
What is a Hot Wallet?
A hot wallet is an internet-connected crypto wallet for convenient daily use. Exchange wallets and browser wallets like MetaMask are hot wallets. Convenient but more vulnerable than cold storage.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.