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Cold Storage

/koʊld ˈstɔrɪdʒ/noun

Cold storage is the practice of storing cryptocurrency in a crypto wallet that is not connected to the internet. Also known as a cold wallet, it is used as a security measure to protect crypto assets from theft. Cold storage is usually used by crypto investors or any crypto holders who want to protect their assets from cyber hackers, unauthorized access any other attacks that could be done through the internet. There are a few types of cold storage such as the Offline Software Wallet, Hardware Wallet, Paper Wallet, and Sound Wallet. Although cold storage is as safe as gold kept in a vault, it is still susceptible to physical damage and being lost or stolen.

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