Definition of Cold wallet or Cold storage

A cold wallet (or cold storage) is a physical wallet device that stores your private key (your access to your coins) offline. People often use it to have assets held for the long term. Cold wallets give you full ownership and accountability over your money and are considered the safest form of storage.

Cold wallet or Cold storage used in a sentence

‘’To begin with, bitcoin cold storage is typically expensive. A cold wallet will usually set you back roughly $100’’. 

‘’I store my crypto in cold storage. I like to keep holding my funds’’. 

‘’Where did I leave my cold storage? I want to sell some bitcoin and buy some XRP instead’’. 

Resources

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