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wallet</strong></a>&nbsp;which is not connected to the internet. 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MetaMask, Coinbase Wallet, and Edge Wallet are all examples of hot wallets.</p>\n<p>However, note that, since <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private keys</strong></a> are stored on the internet,&nbsp;<strong>anything that is stored in a hot wallet is vulnerable to attacks</strong>. Therefore, it's better to use hot wallets for small day-to-day transactions rather than long-term holding.</p>","level":"easy","meta_title":"What is Hot Wallet? 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When you <strong>purchase</strong> <strong>cryptocurrency</strong> through an app like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/coinbase/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Coinbase</strong></a>, for example, your <strong>funds are automatically sent to a hosted wallet</strong>. It's called <strong>hosted because your crypto is kept for you by a third party</strong>. It is kept in the same way that a bank stores your money in a checking or savings account.</p>","level":"easy","meta_title":"What is Hosted Wallet? 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Handbook Cover Page
Crypto Terms: Letter H

What is Hot Storage?

Hot Storage MEANING:
Hot Storage - any crypto wallet that is connected to the internet and provides users with quick access to cryptocurrencies.
Easy
1 minute

Let's find out Hot Storage meaning, definition in crypto, what is Hot Storage, and all other detailed facts.

Any crypto wallet that is run through an internet-connected system is referred to as hot storage (also known as a hot wallet). Hot wallets can be used on a desktop, a mobile device, or the cloud. The user may or may not have control over their private keys, depending on the system. A hot wallet can give users a quick and easy way to access their crypto assets on the go, as well as make transferring and receiving crypto easy.
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