Description: A hot wallet is a type of cryptocurrency wallet that is connected to the Internet, making access and use easier but more vulnerable to attacks. These wallets allow users to store, send, and receive cryptocurrencies quickly and conveniently. Unlike cold wallets, which are physical devices or software that are not connected to the network, hot wallets are ideal for frequent transactions and for those who want to interact with decentralized applications (dApps) on various blockchain platforms. Hot wallets can be mobile apps, browser extensions, or web platforms, and they often offer features such as integration with exchanges, management of multiple digital assets, and the ability to make instant transactions. However, their constant connection to the Internet makes them more susceptible to cyber attacks, such as phishing or malware, requiring users to take additional precautions to protect their funds. Despite these risks, hot wallets are an essential tool in the cryptocurrency ecosystem, providing accessibility and functionality for users looking to make the most of their digital assets.