Cold Wallet / Cold Storage

A “cold wallet” is an offline cryptocurrency and token wallet which is not connected to the internet to reduce the chance of asset theft via hacking. There are several methods of “cold storage,” including using a hardware wallet or writing your private keys to a non-digital medium such as paper or etching them into a sheet of thin metal. Cold wallets and cold storage are essential for institutions such as cryptocurrency marketplaces since they are responsible for safely storing billions of dollars of customer crypto coins, tokens, and NFT crypto art.