#CryptoSecurity101 Hot wallets have a constant internet connection. Such wallets can exist as mobile applications, desktop programs, or web services (with access to exchanges). This makes them convenient for quick transactions, allowing buying or selling assets 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 hot wallets are always connected to the internet, where they can become victims of fraud.