A hot wallet is most likely the first type of crypto wallet you’ll try and your go-to for frequent trading. It’s kind of like living in a city - there's always something happening, and everything you need is within reach. Hot wallets have the convenience of instant access and quick transactions. However, just like city living, hot wallets come with risks. They are vulnerable to exploits, and if your wallet provider's server goes down, you could temporarily lose access to your funds. Examples of hot wallets would be browser wallets or mobile wallets like Metamask, Frame, Rabby or Argent.