Hot Wallet
By CoinGecko | Updated on Mar 03, 2020
It is a tool that store your cryptocurrencies and always connected to internet. The stored coins can be instantly exchanged with other members of the network or used to trade.
Related Terms
Pre-sale
A typically exclusive token sale event preceding a public ICO
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
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