Hot Wallet definition
Définition
A cryptocurrency wallet connected to the internet
Convenient for daily trading on exchanges like Binance, hot wallets are vulnerable to hacks; best used with small amounts and two-factor authentication. Popular Hot Wallets: MetaMask: Browser extension, 30M+ users. Trust Wallet: Mobile app, multi-chain. Exodus: Desktop/mobile, built-in exchange. Security Tips: Enable 2FA, use hardware for signing, limit balances to 1-5% of portfolio.
Convenient for daily trading on exchanges like Binance, hot wallets are vulnerable to hacks; best used with small amounts and two-factor authentication. Popular Hot Wallets: MetaMask: Browser extension, 30M+ users. Trust Wallet: Mobile app, multi-chain. Exodus: Desktop/mobile, built-in exchange. Security Tips: Enable 2FA, use hardware for signing, limit balances to 1-5% of portfolio.
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