Hot storage refers to a method of keeping cryptocurrency funds in a wallet that is connected to the internet. This type of storage is convenient for frequent transactions, allowing users to quickly send or receive digital assets.The main advantage of hot storage is accessibility. Users can easily manage their assets using exchange platforms or online wallets. This is particularly beneficial for trading or making purchases.However, the connected nature of hot storage also brings risks. Since online wallets are vulnerable to hacking, malware, and phishing attacks, funds in hot storage can be more susceptible to theft compared to cold storage, which is offline and more secure.In summary, hot storage is ideal for users who prioritize convenience and quick access to their funds but should be used with caution due to security risks. Balancing the use of hot and cold storage can help mitigate these risks while maintaining usability for transactions.