What is cold wallet?

What is Cold Wallet? A cold wallet is a wallet for storing crypto that is not connected to the internet, making it difficult to remotely steal the assets stored in it. They store a user’s address and private key securely while allowing them to view their portfolio without putting their private keys at risk.

What is a hardware wallet?

A hardware wallet is typically a USB drive device that stores a user’s private keys securely. This provides more safety over hot wallets as it is unaffected by viruses that could be on one’s computer. Hardware wallet private keys never come in contact with your network-connected computer or potentially vulnerable software.

How to store crypto in a cold wallet?

Individual crypto owners can also store crypto in cold wallets as well. One of the most secure forms of cold wallet is a paper wallet. A paper wallet is a cold wallet that you can generate from specific websites which support this feature. The website produces both public and private keys that you print out on a piece of paper.

What is a paper wallet?

A paper wallet is a cold wallet that you can generate from specific websites which support this feature. The website produces both public and private keys that you print out on a piece of paper. Many people laminate these paper wallets and store them in their bank or in a safe in their home.