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Hot Wallet

Hot wallets are Bitcoin wallets that are internet-connected. Cryptocurrency owners can choose from a variety of options. They may be accessed via the web, as well as mobile and desktop applications. Because of their ease of use, hot wallets attract less-experienced traders. Furthermore, habitual traders may choose to use hot wallets to achieve speedier transactions. They are, however, more susceptible to assaults than cold storage solutions. Safety measures such as two-factor authentication are frequently used to avoid hackers.