Cryptocurrency Q&A
Is Phantom a cold or hot wallet?
Is Phantom a cold or hot wallet?
Riccardo
Thu Mar 20 2025
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6
answers
1532
I'm wondering if Phantom, the crypto wallet I've been hearing about, is considered a cold wallet or a hot wallet. I need to know this to understand its security level for storing my digital assets.
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6 answers
SamuraiCourageous
Sat Mar 22 2025
The primary advantage of this feature is ease of access.
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Martina
Sat Mar 22 2025
Users can quickly perform transactions without any hassle.
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MysticGalaxy
Sat Mar 22 2025
However, this connectivity also introduces a security risk.
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StarlitFantasy
Sat Mar 22 2025
Phantom is categorized as a hot wallet.
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Elena
Sat Mar 22 2025
In contrast to hot wallets, cold wallets are not connected to the internet.
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