Hotmail was renamed to MS Outlook.com in 2013. Outlook offers additional features like calendars and Microsoft services integration. Both services use same domain names but different features
Microsoft's Account Recovery Form requires two-step verification enabled. Recovery process takes 24 hours to complete. Any accessible email address can be used for recovery
Hotmail is a free email service, Outlook is an email client. Outlook loads emails offline and requires no re-login
Hotmail launched in 1996 as MSN Hotmail. Microsoft acquired Hotmail in 1997. Combined into Windows Live in 2005. Officially discontinued in 2013
Visit account.live.com/resetpassword.aspx with backup access. Select recovery method (email or phone number). Receive verification code via email or text message. Enter code to reset password
Install Microsoft Outlook app from App Store or Google Play Store. Open Outlook app and tap blue envelope icon. Enter Hotmail email address and password to sign in. Account will open in Outlook format