🔥Hot Wallet

Leo automatically creates a Hot Wallet for every new user who logs in with their wallet for the first time. Each user can have only one Hot Wallet, which cannot be deleted or recreated.

While Hot Wallets do not support automated trading features like bots, they offer functionalities such as limit buy/sell and schedule buy, allowing users to set these options individually for each token.

What is a Hot Wallet used for?

While bots allow for setting rules for any tokens to be bought or sold, there is still a need to set specific buy and sell rules and limits for individual tokens. This is where the Hot Wallet comes in. It enables users to set buy and sell limits and rules for each token separately. Additionally, users can schedule buy orders for tokens for specific dates within their Hot Wallet.

Hot Wallets can also be used to transfer tokens from the bots if users don't want the tokens to be traded according to bot rules.

For example, if a user needs to set a limit sell for a single token, they can transfer the token to their Hot Wallet and then set the limit sell by selecting the "Limit" button in the token actions menu.

To learn more please read Limit Buy/Sell and Schedule Buy/Sell.