A hot wallet thats always online 24/7 is like leaving your wallet carelessly on the table, inviting criminals.
š¹ Backdoors for malware devices connected to the internet, are easily infected with keyloggers or spyware that steal your private key as soon as you type.
šø Phishing traps exist when you frequently interact with Dapps, increasing the risk of clicking on fake links and inadvertently giving hackers control of your wallet.
š¹ Third party risks using an exchange wallet means you dont actually hold the money. If the exchange goes bankrupt, your assets will vanish.
šø Deadly convenience the ability to transfer money quickly is a fatal weakness, allowing hackers to abscond with assets in seconds before you even realize it.
Are you keeping all your assets in a hot wallet?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.