Hot Wallet - General Info
The term "hot wallet" describes an ULTRAPOINT account which is connected to the Internet. You can send funds easily but security is much lower than a cold wallet. Never store large amounts of cryptocurrency in a hot wallet!
It's not a good idea to store more than you want to lose in a "hot wallet" aka a wallet which is currently or has ever been connected to the Internet or loaded onto any device that has or may in the future be connected to the Internet or any untrusted source!
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