Hot Wallets: Balancing Speed, Security, And Self-Custody
Hot wallets have revolutionized the way we interact with cryptocurrencies, offering unparalleled convenience for managing Digital assets. But with this ease of access comes a degree of risk. Understanding how hot wallets work, their benefits, and potential vulnerabilities is crucial for anyone venturing into the world of crypto. This article provides a comprehensive guide to hot wallets, covering everything from their functionality and security considerations to best practices for using them effectively.
What is a Hot Wallet?
Definition and Functionality
A hot wallet is a cryptocurrency wallet that is connected to the internet. This constant connection allows users to quickly and easily send, receive, and store their digital currencies. Hot wallets are typically Software programs (desktop ...








