noun
Internet Slang
cold storage
KOHLD STOR-ij · noun · informal
Keeping crypto offline for security, e.g. on a hardware wallet.
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Definitions
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Storing private keys completely offline — on a hardware wallet or paper — to protect holdings from online theft. The safest way to custody long-term holdings.
“I moved my long-term stack to cold storage and only keep spending money on the exchange.”
by community
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cold storage In A Sentence
I moved my long-term stack to cold storage and only keep spending money on the exchange.
Origin & Usage
Crypto security term contrasting offline 'cold' custody with online 'hot' wallets.
People Also Ask
What is cold storage in crypto?
It's keeping your private keys completely offline — on a hardware device or paper — so your holdings can't be reached by online hackers.
Is cold storage safer than an exchange?
Yes; because the keys never touch the internet, cold storage is far more resistant to hacks and exchange failures than leaving coins on a platform.
What's the difference between cold storage and a cold wallet?
They overlap — cold storage is the general practice of keeping keys offline, while a cold wallet is a specific offline device or method used to do it.
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