Cryptocurrency Q&A
Is phantom wallet a hot wallet?
Is phantom wallet a hot wallet?
QuasarStorm
Fri Mar 21 2025
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6
answers
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I'm trying to understand the nature of Phantom Wallet. Specifically, I want to know if Phantom Wallet is considered a hot wallet or not. Can someone clarify this for me?
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6 answers
SeoulSerenity
Sun Mar 23 2025
Phantom is an example of a hot wallet that exists in the form of a browser extension or mobile app.
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Michele
Sun Mar 23 2025
Browser extensions and mobile apps that serve as wallets are known as "hot wallets".
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DondaejiDelightfulCharm
Sun Mar 23 2025
These wallets are classified as such because they maintain a constant connection to the Internet.
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CryptoWizard
Sun Mar 23 2025
Due to their online accessibility, hot wallets allow for quick and convenient transactions.
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EchoSeeker
Sat Mar 22 2025
Users can easily access their funds and make transactions whenever needed through these hot wallets.
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