Hot wallet

A crypto wallet connected to the internet.

Search

What is a hot wallet?

A hot wallet is a crypto wallet that stays connected to the internet, making it convenient for frequent transactions. Mobile and exchange wallets are common examples.

Things to keep in mind

Because it is online, a hot wallet is more exposed to attacks than cold storage. A common approach is to keep smaller, everyday amounts in a hot wallet and larger holdings offline.

Related terms

A record of transactions; on a blockchain it is shared across the network.

The process of verifying a customer's identity to meet regulatory requirements.

A network built on top of a blockchain to make transactions faster and cheaper.

Start investing today

Your Luno app makes investing straightforward, with a clear and intuitive app experience we know you’ll love. 

Start investing today

Your Luno app makes investing straightforward, with a clear and intuitive app experience we know you’ll love.