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Hot Wallet

A hot wallet is a type of cryptocurrency wallet that is connected to the internet and is designed for frequent use, such as for making transactions or trading cryptocurrencies. Unlike hardware wallets, which store private keys offline, hot wallets keep your private keys online, making them more vulnerable to hacking attempts and other security risks.

It is recommended to keep only a small amount of cryptocurrency in a hot wallet for day-to-day use, and store the majority of funds in a cold wallet for enhanced security.