Burner Wallet

A burner wallet is a temporary cryptocurrency wallet created for a single use or short-term purpose, then discarded. Users create burner wallets to interact with untrusted smart contracts, NFT mints, or new DeFi protocols without exposing their main wallet (which may hold significant funds) to potential risks. Only a small amount of cryptocurrency is transferred to the burner wallet, limiting potential losses if the interaction turns out to be malicious.