Cold Wallet / Cold Storage

What is a cold wallet?

Cold Wallet / Cold Storage Definition: Cold storage or cold wallet is used to store crypto assets, including Bitcoins, altcoins, and other digital currencies. Cold storage is considered one of the most secure digital wallet forms, as they protect your crypto assets offline, so they are not susceptible to cyber attacks or unauthorized access from online sources.

Cold storage can also refer to items stored offline, including digital items in addition to cryptocurrencies, such as photographs, videos, and data. It’s also a means to backup online and application data, including company records, individual details, and more. Cold wallets are digital, which makes them available offline.

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