Hot Wallet
A crypto wallet connected to the internet — convenient for daily use, exposed by definition.
A hot wallet is any wallet whose private keys live on an internet-connected device: mobile apps, browser extensions, exchange accounts. Connectivity makes them instant to use for trading, payments and DApps — and simultaneously reachable by malware, phishing pages and drainers.
The standard architecture treats a hot wallet like the cash in your pocket: hold only what you actively use, keep savings in a cold wallet, and never store a hot wallet’s seed phrase digitally. Most large personal losses trace back to violating one of those three lines.