how much does a hot wallet cost 
many hot wallets are free because they are downloadable software or apps there are some devices with software uploaded on them that can act as hot and cold wallets depending on the options these can range from less than 100 to hundreds of dollars the bottom linehot wallets are any private key storage method that has a connection to another device or the internet all hot wallets have or are software of some type so they are vulnerable to hacking malware viruses ransomware or other methods used by criminals there are many hot wallets available so it is best to research for the one you prefer and only keep the keys to the crypto you intend to spend in it once you use your crypto in your hot wallet transfer the keys back to cold storage to be safe the comments opinions and analyses expressed on investopedia are for informational purposes only read our warranty and liability disclaimer for more info 