What are Cold Wallets?

A cold wallet is a type of cryptocurrency wallet that is not connected to the internet. Because it is offline, a cold wallet is considered more secure than a hot wallet connected to the internet. As a result, cold wallets are often used to store large amounts of cryptocurrency for long periods, as they are less vulnerable to hacking and other forms of online attacks. Cold wallets can take the form of a physical device, such as a USB drive…