Cryptocurrency Q&A Is Rainbow a hot wallet?

Is Rainbow a hot wallet?

KpopHarmonySoul KpopHarmonySoul Thu Oct 31 2024 | 5 answers 1430
I am wondering if Rainbow is considered a hot wallet. I know there are different types of wallets, but I am specifically interested in Rainbow and whether it falls under the category of a hot wallet. Is Rainbow a hot wallet?

5 answers

KatanaBlade KatanaBlade Sat Nov 02 2024
These keys represent ownership of digital assets on a blockchain.

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Elena Elena Sat Nov 02 2024
MetaMask, Rainbow, Rabby, and Phantom are examples of non-custodial hot wallets.

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GinsengGlory GinsengGlory Sat Nov 02 2024
A digital wallet operates in a manner akin to a traditional physical wallet.

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emma_carter_doctor emma_carter_doctor Sat Nov 02 2024
However, it does not store physical cash or cards.

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Claudio Claudio Sat Nov 02 2024
Instead, it holds cryptographic keys.

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