Hot Wallet

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Hot Wallet

Definition:

A hot wallet is a cryptocurrency wallet that is connected to the internet with the private keys also accessible on the internet. Storing assets in this way can leave them susceptible to a hack. The other option is to have a hardware wallet.

Degen Chat

“You have your crypto and punks in a hot wallet? Taking your life in your hands…”

Related Terms:
  • Dictionary: ANON
    Short for anonymous, however rarely used as an adjective. Instead, it is generally used as either a means of describing somebody that is anonymous – they are anon - or used to address the public at large, often in a Twitter post.


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