So, what is a Bitcoin cold storage wallet, and could it be right for you?
What Is a Cold Storage Wallet?
A cold storage wallet, also known as a hardware wallet, is a physical machine.
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Hardware wallets are generally small, lightweight, and have no Wi-Fi capabilities.
This means that they can store your private keys in an offline setting.
But why is this so important?
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This means that many threat actors rely on an internet connection to carry out their illicit dealings.
So, by isolating your private keys in an offline setting, they become drastically more secure.
This is whyhardware wallets are seen as safer than software wallets.
Image Credit: Jernej Furman/Flickr
But what kind of Bitcoin cold storage wallets are on the market today?
These manufacturers each have two hardware wallet models that have become widely popular among crypto owners.
Ledger also uses a unique operating system known asBOLOS, which is designed to protect your private data further.
But things don’t stop there.
In fact, ColdCard is specifically designed for the storage of Bitcoinprivate keys.
Note that cold storage wallets are not free and can sometimes be a little pricey.
