Let me begin by stating what a hot wallet is.
Hot wallets are Bitcoin wallets that run on internet connected devices like a computer, mobile phone, or tablet. It allows a cryptocurrency owner to receive and send tokens. Hot wallets generate private keys on an internet connected device so that these assets can be flawlessly transferred from one device to another.
Here is a list of my personal favorite wallets in alphabetical order;
1. ATOMIC WALLET
Atomic wallet is a hot wallet through which you can manage all your online digital assets. It has a built-in atomic swap exchange. It is actively using 44 technologies for its website. These include Viewport Meta, iPhone / Mobile Compatible, and SSL by Default. Those who want to get the most out of it can use the Atomic Wallet Coin (AWC) token to perform features such as rising higher in the atomic swap queue or pay listing fees to get your own token supported by the wallet. It is a free wallet but you might see a small transaction fee at some points.
Atomic wallet offers you free AWC (Atomic Wallet Coin) for those who sign up! So if you haven't already signed up, click here.
2. COINBASE
The secure app to store crypto yourself. One thing that interested me is that you can send crypto to anyone without the headache of wallet addresses. You can manage BTC, BCH, ETH, ETC, LTC, and all your ERC-20 tokens. Your keys are protected with secure enclave and biometric authentication.
Coinbase rewards you $10 on signup! If you don't have an account, why the hell are you scrolling down? Click here and join today.
3. MONARCH WALLET
YOUR MONEY. YOUR WAY. Now who would say no to that? Monarch is an online crypto wallet for buying and selling cryptocurrencies. You can also earn upto 8% by holding some of the cryptos in your wallet. Who wouldn't like that? An 8% APR interest! The wallet is listed in coingecko, coinmarketcap and coincodex.
4. TRUST WALLET
Trust is a multi function crypto wallet which can connect to Decentralised Exchanges .It allows you to buy cryptocurrencies easily. Connecting to decentralised exchanges like Kyber DEX and Binance DEX makes it easy to trade crypto and stable coins across decentralised exchanges whilst staying in full control of your private keys on your Android device.
User will now be able to earn staking rewards for supported crypto POS tokens (Proof of Stake) within their portfolio by using the on-wallet staking features!
5. UPHOLD WALLET
Uphold is a leading cloud-based digital currency platform that allows transactions between more than 30 different countries and different precious metals like gold and palladium. Their cloud money service allows users to hold and convert their holdings with ease. Also they allow their users to transact their money instantly, securely and that too for free.
Want to know more about Uphold? Click here.
Hot wallets are essential and has a crucial role in storing your digital assets. However, hot wallets are liable to theft. So it is always safer to store your digital assets in cold wallets like Ledger or Trezor.
