#CryptoSecurity101 A hot wallet has a constant connection to the internet. Such wallets can exist as mobile applications, desktop programs, or web services (with access to exchanges). This makes them convenient for quick transactions, where buying or selling assets can be done in a matter of seconds. Hot wallets are considered ideal tools for short-term investments, as well as for trading and purchasing cryptocurrencies. They are also actively used by traders who make hundreds or even thousands of transactions per day. However, the convenience and easy access to assets have a downside, as a hot wallet is always connected to the internet, where it can become a victim of fraudsters.