Crypto Terms: Letter H
Hot Storage MEANING:
What is Hot Storage?
Hot Storage - any crypto wallet that is connected to the internet and provides users with quick access to cryptocurrencies.
Let's find out Hot Storage meaning, definition in crypto, what is Hot Storage, and all other detailed facts.
Any crypto wallet that is run through an internet-connected system is referred to as hot storage (also known as a hot wallet). Hot wallets can be used on a desktop, a mobile device, or the cloud. The user may or may not have control over their private keys, depending on the system. A hot wallet can give users a quick and easy way to access their crypto assets on the go, as well as make transferring and receiving crypto easy.