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Cold Wallet

By CoinGecko | Updated on Mar 03, 2020
Wallets that are stored offline and can only be connected to the internet through physical effort (eg. plugging in the USB, turning on a hardware wallet). This provides an extra layer of security compared to wallets that are stored on devices connected to the internet (eg. phone wallet).

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Related Terms

Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
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Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
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