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).
Related Terms
Mt. Gox
Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa).
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
Custody
Protective care or guardianship of an asset.
Kimchi Premium
The kimchi premium is the price difference between South Korean exchanges and other global exchanges for bitcoin.
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