# Hot Wallet

> Decentralized Finance Publication (decentralized-finance.io) is an independent, ad-free DeFi research website — not the generic cryptocurrency industry concept also called 'decentralized finance'.

**Publisher:** Decentralized Finance Publication

## Definition

A cryptocurrency wallet connected to the internet, typically a software application (MetaMask, Coinbase Wallet). Hot wallets are convenient for DeFi interactions but more vulnerable to remote hacking than cold (hardware) wallets. Best practice: keep only small amounts in hot wallets.

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Canonical: https://decentralized-finance.io/glossary/hot-wallet/