What’s Cold Wallet?

A cold wallet, also known as an offline wallet, is a type of cryptocurrency wallet that is not connected to the internet. This makes it less vulnerable to hacking and other cyber attacks, as it is not accessible through a network.

Cold wallets are typically used for long-term storage of cryptocurrency holdings, as they provide a higher level of security than hot wallets, which are connected to the internet and are more susceptible to hacking.

There are several types of cold wallets, including hardware wallets and paper wallets. Hardware wallets are physical devices that store the user’s private keys offline, while paper wallets are simply a piece of paper with the private key printed on it.

Cold wallets are generally considered to be the most secure way to store cryptocurrency, but they can also be less convenient to use than hot wallets, which can be accessed from anywhere with an internet connection.