Cold wallet: definition and meaning
A cold wallet keeps private keys offline, for example on a hardware device or paper backup.
Why it matters
Keeping keys offline protects against online hacking, but you must protect the backup yourself.
Related terms
- Hot wallet
A hot wallet is connected to the internet, such as a mobile app or browser extension.… - Private key
A private key is the secret that proves ownership of crypto in a wallet. Whoever has it co…
Educational content only, not financial advice.