Hot wallet

Key storage that stays connected to the internet

In detail

A phone app or an exchange account holds the keys while permanently online. That makes sending and trading immediate, but the connection also leaves a path in from outside. The common pattern is to move the bulk to cold storage and keep only spending money here.

Example

Keeping the 5% used day to day hot and moving the rest elsewhere is a frequently described setup.

Related terms

Read in the app (App Store)

For learning, not investment advice. Decisions are your own.

StockFit · TrueNorthLabs Inc.