What is cold storage? What is a Cold Wallet?
If you’re just starting to learn about cryptocurrency…
You’re probably also starting to discover the different types of wallets out there.
More specifically, hot wallets and cold wallets.
That’s why in this quick SpaceDawgs’ guide, you’ll learn the following… in the next 3 minutes. Cool? Cool. Read on.
Part 1. What is Cold Storage
So, in the land of cryptocurrency… What’s cold storage?
Great question, glad you asked.
Cold storage — or a cold storage wallet — is simply… a hardware wallet that contains your private keys and can be offline or disconnected from the internet. These cold storage wallets often resemble USB sticks.