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What is one potential risk associated with a cryptocurrency hot wallet?
It could be hacked since it is offline at all times.
You could lose access if the exchange fails.
There are no risks associated with hot wallets.
It could be hacked since it online at all times.
The correct answer is: It could be hacked since it is online at all times.
A hot wallet is connected to the internet, which makes it more vulnerable to hacking attempts and unauthorized access compared to a cold wallet, which is stored offline. Therefore, while using a hot wallet is convenient for quick transactions, it carries the risk of cyberattacks. If you have more questions or need further assistance, feel free to ask!