Hot Wallet
A crypto wallet connected to the internet — fast and convenient, but less secure than cold storage.
A Hot Wallet is a crypto wallet that stays online,
connected to the internet at all times.
It’s fast and convenient for trading or sending crypto,
but also more exposed to hacks and phishing attacks.
Hot wallets are ideal for daily use or small amounts,
while long-term storage should be kept in a cold wallet.
Common examples
- Exchange wallets (like on Bybit or Binance)
- Mobile wallets (like Trust Wallet or MetaMask)
- Browser wallets and extensions
Why it matters
- You have instant access to your funds
- But you’re dependent on internet security
- Private keys stored online are at greater risk of being stolen
💡 Lanzo Tip
Use your hot wallet like a digital cash wallet —
only keep what you need for quick transfers or trading.
Store the rest in cold storage (hardware wallet) for safety ⚡