Best use
Hot wallets are convenient for smaller balances, DeFi, swaps and frequent transfers.
Main risk
Because they are online, hot wallets can be more exposed to phishing, malware and risky approvals.
Related pages
Compare cold wallets, hardware wallets and our wallet directory.
How to use this term
Use hot wallet notes when deciding what balance should stay in an internet-connected wallet.
What to check
Check phishing risk, device security, token approvals and whether larger holdings belong in cold storage.