Crypto Slang and Acronyms

Hey, I’ve been diving into the crypto world lately and came across the term "Hot Wallet." Can someone break it down for me? What exactly is a Hot Wallet, how does it work, and what are its pros and cons compared to other types of wallets? Thanks!

Hey, I’ve been diving into the crypto world lately and came across the term "<a data-auto-add="True" href="/feed/faq/11267093/" rel="noopener noreferrer" target="">Hot Wallet</a>." Can someone break it down for me? What exactly is a Hot Wallet, how does it work, and what are its pros and cons compared to other types of wallets? Thanks!

What is 'Hot Wallet'?

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