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Hot Wallet

A hot wallet is a category of digital wallet that is connected to the internet and is commonly used for the ease of accessibility and convenience. These wallets are frequently provided by cryptocurrency exchanges or applications like MetaMask. As hot wallets are connected to the internet, they offer quick and easy access to funds, allowing users to quickly make transactions.


However, they also pose a higher risk of hacking or theft since they are constantly connected to the internet. It's important for users to take appropriate security measures, such as strong passwords and two-factor authentication, to protect their digital assets stored in a hot wallet.


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