TechEngadget1h ago

What is a cold wallet and how does it work?

What is a cold wallet and how does it work?

TL;DRCold wallets store crypto offline to prevent hacking.

Why it matters: Offline storage protects against the rising theft and loss plaguing online crypto exchanges and hot wallets.

With cryptocurrency wallets becoming huge targets for hackers, using a cold wallet to protect your private keys has never been more important.

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Source: Engadget · Opens in new tab