Cold Wallet

A cold wallet is a type of cryptocurrency wallet used to store digital assets offline, making it highly secure against cyber threats and hacking attempts. Cold wallets are often used in the form of hardware devices (such as Ledger or Trezor) or paper wallets where the private key is stored in a physical format. Since a cold wallet is not connected to the internet, it is considered one of the safest methods to store large amounts of cryptocurrency for long-term holding. Cold wallets are ideal for those who prioritize security over convenience, as they require manual intervention (connecting to a computer or scanning a QR code) to access funds. While cold wallets provide superior protection from cyberattacks, users must safeguard their wallets physically to avoid damage or loss of access.