Cold Wallet

Device or method for storing cryptocurrency without an internet connection.

What is it? - Dummies

It's like a safe to store your digital money, which isn't connected to the internet.

What is it? - PRO

A cold wallet is a cryptocurrency wallet that stores private keys offline, protecting assets from cyberattacks and unauthorized access.

Key points

  • It includes hardware wallets and paper wallets.
  • Maximum safety for long-term storage.
  • Less convenient for frequent transactions.
  • Sales and disadvantages

  • Advantages:
    • Protection against online hacks.
    • Full control over assets.
  • Disadvantages:
    • Risk of physical loss or harm
    • Less accessible for everyday use.
  • Related Concepts

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