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Cold Wallet

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Table of contents
    1. 0.2. How Cold Wallets Work
    2. 0.4. Types of Cold Wallets

A cold wallet, also known as cold storage, is a type of cryptocurrency wallet that is not connected to the internet. It is used to store digital assets offline, offering enhanced security against online hacks, malware, and other cyber threats. Cold wallets are typically used for long-term storage of cryptocurrencies.

How Cold Wallets Work

Cold wallets store private keys offline, which are necessary to access and manage the cryptocurrency holdings. By being disconnected from the internet, they are less vulnerable to hacking or phishing attacks, making them a preferred option for storing large amounts of crypto.

Types of Cold Wallets

  1. Hardware Wallets: These are physical devices, such as USB drives, that store private keys offline.
  2. Paper Wallets: A printed version of the private keys and public addresses used to access cryptocurrency funds.