A Hot Wallet is a wallet that is always connected to the internet; they allow you to store, send, and receive tokens. A hot wallet is like an account number that never changes; it's your personal bank account. In the virtual world, this hot wallet is used to purchase and sell digital currency such as Bitcoin.Hot wallets are useful for online purchases because the private key for your digital currency can be stored on the hot wallet, creating a secure and easy to use environment when making online transactions. Because it's always connected to the internet, your digital currency will be easily transferable from one device to another. That's why it's important that you choose a hot wallet that makes security easy and seamless.A portable way of storing your cryptocurrencies that you can use anywhere, anytime. The web wallet is a security measure as it's impossible for anyone to steal your tokens. But there are times when you need to send tokens from one wallet address to another just for fun and for social sharing purposes. You can easily do this using your hot wallet. Make sure to keep all actions related to your hot wallet private from others.If you're interested in using a hot wallet for your organization, it's important to first understand the function of a hot wallet and how it differs from an offline wallet. An offline storage method is a physical device which you access whenever you need to store your tokens. An online hot wallet is a type of online service that stores your tokens and allows you to perform tasks such as sending tokens or receiving new ones. Once you connect your hot wallet to the internet, it will store any incoming or outgoing token transfers and be ready for your use at any time. The only thing needed from this stage is the internet connection. Because the hot wallet uses third-party services (such as Google Authenticator), it is possible for an attack on these services to render your hot wallet unusable. Therefore, it's important to check their security protocols, as well as their reputations.