What it means
A wallet whose key is used on an internet-connected device, such as an app on your phone.
It's convenient for daily spending. A cold wallet keeps the key offline for long-term storage.
How it works
Defied is a hot wallet built for everyday money.
Related terms
| Term | What it means |
|---|---|
| Hardware wallet | A small device that keeps a wallet's key offline and signs transactions without exposing it. |
| Non-custodial wallet | A wallet where you, not a company, control the key, so only you can move what's in it. |
| Embedded wallet | A wallet created inside an app when you sign in with your email or Google, with no browser extension and no seed phrase to write down. |
This glossary explains terms in general. It isn't investment, tax or legal advice.