Definition
A Bitcoin wallet that is connected to the internet. Convenient for frequent transactions but more vulnerable to hacking than cold storage.
Related Terms
HODL
A term originating from a misspelling of "hold." Refers to the strategy of buying and holding Bitcoin long-term rather than trading it.
KYC (Know Your Customer)
Identity verification requirements imposed by exchanges and financial services. Typically involves providing government ID and personal information.
Hash Rate
The total computational power being used to mine and process Bitcoin transactions. A higher hash rate means greater network security.
Lightning Network
A second-layer payment protocol built on top of Bitcoin that enables fast, low-cost transactions through payment channels. Ideal for everyday purchases.
Hardware Wallet
A physical device designed to securely store Bitcoin private keys offline. Popular options include Trezor, Ledger, Coldcard, and Bitkey.