"Cold storage" of cryptocurrency is a method of protecting digital assets where funds are kept in offline devices or wallets, completely isolated from the internet. This approach minimizes the risk of hacking and data leaks. Most often, hardware wallets, USB devices, special paper wallets, or even completely disconnected computers are used. The main advantage is the high level of security, especially for long-term storage of large capital. However, it is important to remember that losing physical access to the device can result in the loss of funds. Cold storage is ideal for investors who value maximum protection of their assets.
11/21/2024 2:49:20 PM (GMT+1)
What does "cold storage" of cryptocurrency mean?


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.