A crypto wallet that's connected to the internet, like an app on your phone or a browser extension, making it easy to send and receive crypto quickly.
Think of it like the cash in your everyday wallet — convenient for spending but not where you'd keep your life savings.
Hot wallets are great for daily transactions and interacting with apps, but they're more vulnerable to hacking than offline storage.
Watch out for phishing sites that trick you into approving transactions in your hot wallet — always double-check URLs and never sign transactions you don't fully understand.
A physical device (like a small USB drive) that stores your crypto completely offline, away from the internet.
A set of 12 or 24 random words that acts as the master password to your crypto wallet — it's the only way to recover your funds if you lose access.
Decentralized Finance — financial services like lending, borrowing, and earning interest, built on blockchain and available to anyone without needing a bank.
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