The use of hot wallets will also be safe if the key or seed phrase consisting of 12-24 words stored in offline storage. CMIIW.
A hot wallet is a wallet that is connected to the internet, so your wallet secrets that is stored locally is prone to hacking because it is exposed to an online enviroment, you may back up your seed phrase on paper and store it safely, but the risk is with your wallet file that is stored in an online device.
Creating several seed phrase backups offline is a process that must be carried out to protect against asset loss, although it is still possible that vulnerabilities in wallet files stored on online devices remain a risk that requires increased vigilance, such as malware that is infiltrated through applications installed on the device as an entry point. steal mobile device data.
The limitations of hot wallets lie there - because they are still in the internet circle so in terms of security level it is better to use cold wallets.
AFAIK, if you use a mobile device like an iPhone and only a wallet application is installed without any other applications because your iPhone specializes for a wallet, I think it can provide good security even though the wallet hack can occur beyond your expectations and at any time.
Instead of doing that, it is better to make the device airgapped, in order to be sure that your funds are safe. As long as your wallet is connected to the internet, it is vulnerable to attacks.
Correct. Efforts to prevent leaks of important information and data, providing security such as airgaps are recommended.