What Is A Cold Wallet?

What is a cold wallet (also known as a ‘hard wallet’ or ‘paper wallet’)?

A cold wallet is any sort of crypto wallet that isn’t connected to the internet by default.

The most common type of cold wallet is a hardware wallet (or ‘hard wallet’).

Which is a password-protected storage device (like a flash drive or hard disk) that stores cryptocurrencies.

Hard wallets are more secure than software wallets (also known as ‘hot wallets’), because they are not permanently connected to the internet, which makes them very hard to hack remotely.

Another type of cold wallet is a ‘paper wallet,’ which is just a QR code printed onto a piece of paper (also very hard to hack).