GlossaryCold Wallet

Wallet for cryptocurrency that is not connected to the internet. Funds stored in a cold wallet is called cold storage. Just like hot wallets, a cold wallet has its own pros and cons. What differs in cold wallets is that it protects the wallet from unauthorized access, cyber hacks, and other vulnerabilities that a system connected to the internet is prone to. The best functionality is that you can keep your assets safe in a cold wallet.