Hot wallets are cryptocurrency wallets that are connected to the internet. They are more vulnerable to attack than cold wallets. They are typically used for storing small amounts of cryptocurrency that you need to access frequently. Here are some examples of hot wallets:
- Desktop wallets: installed on a desktop computer. They are a good option for users who want to have more control over their cryptocurrency and who are comfortable using a computer. Desktop wallets are typically more secure than web wallets, but they are not as portable.
- Mobile wallets: installed on a mobile device. They are a good option for users who want to have easy access to their cryptocurrency and who are on the go. Mobile wallets are typically less secure than desktop wallets, but they are more portable.
- Web wallets accessed through a web browser. They are a good option for users who want to have easy access to their cryptocurrency and who do not want to install any software. Web wallets are typically the least secure type of wallet, but they are also the most convenient.