hot wallet

Phonetic: /hɒt ˈwɔlɪt/

Part of Speech: noun

Category: To be determined

A wallet that is directly connected to the internet at all times; for example, one that is held on a centralized exchange. Hot wallets are considered to have lower security than cold storage systems or hardware wallets.

Definition source: Mapachurro probably wrote this.

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This word came from... the ether

Date first recorded: Unknown

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