Cold Wallet, What does it mean?

Cold Wallet is a term used in the cryptocurrencies field. It is key to understand it in order to fully understand this world

Definition of Cold Wallet

A secure method of storing your cryptocurrency completely offline. Many cold wallets (also called hardware wallets) are physical devices that look similar to a USB drive. This kind of wallet can help protect your crypto from hacking and theft, though it also comes with its own risks – like losing it, along with your crypto.

See more: Cryptonyms glossary