Hot Wallet Convenience Comes With Real Costs

[tradelikepro]

One of the clearest lessons from the Trust Wallet incident is the risk of overreliance on hot wallets. Browser-based wallets are convenient, but they remain exposed to malware, malicious updates, and private-key theft—a trade-off many SMEs underestimate when prioritizing speed and ease of use.

The hack reignited debate around self-custody practices, with many experts urging businesses to keep only minimal operational funds in hot wallets. For SMEs handling meaningful crypto balances, cold storage and hardware wallets remain critical tools for reducing exposure to online threats.

[cryptoenthusiast]

hot wallets are great until they absolutely are not