Questions tagged [hot wallet]

QuasarStorm Fri Mar 21 2025 | 6 answers 1389

I'm trying to understand the nature of Phantom Wallet. Specifically, I want to know if Phantom Wallet is considered a hot wallet or not. Can someone clarify this for me?

Riccardo Thu Mar 20 2025 | 6 answers 1532

I'm wondering if Phantom, the crypto wallet I've been hearing about, is considered a cold wallet or a hot wallet. I need to know this to understand its security level for storing my digital assets.

BlockchainLegend Tue Mar 18 2025 | 6 answers 1052

Bybit is not specifically classified as a hot or cold wallet, but rather as a cryptocurrency exchange platform that offers various trading services including leveraged trading, spot trading, and derivatives trading. It provides wallets for users to store their digital assets within the platform, which may have features of both hot and cold storage depending on how the assets are managed and secured.

Dario Mon Jan 06 2025 | 5 answers 1315

I'm trying to understand if Coinbase Wallet is categorized as a hot wallet. I've heard different types of wallets described as 'hot' or 'cold', and I want to know which one Coinbase Wallet falls under.

benjamin_brown_entrepreneur Wed Dec 18 2024 | 7 answers 1712

I'm wondering if Binance can be considered as a hot wallet. I know that hot wallets are connected to the internet, which makes them more vulnerable to attacks, but they also provide easier access to funds. Since Binance is an online platform for cryptocurrency trading, I'm curious if it falls under the category of a hot wallet.