noun
Internet Slang
cold wallet
KOHLD WOL-it · noun · informal
An offline wallet not connected to the internet.
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Definitions
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A wallet whose keys are kept offline (often a hardware device), making it far more resistant to hacks than an internet-connected hot wallet.
“Never store your life savings on an exchange — use a cold wallet.”
by community
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cold wallet In A Sentence
Never store your life savings on an exchange — use a cold wallet.
Origin & Usage
Crypto security terminology; the 'cold' counterpart to a hot wallet.
People Also Ask
What is a cold wallet?
A cold wallet is a crypto wallet that keeps its private keys offline — usually a hardware device — so it's far harder to hack than an online hot wallet.
What's the difference between a cold wallet and a hot wallet?
A cold wallet stays offline for maximum security, while a hot wallet is connected to the internet for convenient spending and trading but is more exposed to attacks.
Are cold wallets worth it?
For long-term or large holdings, yes — the offline security greatly reduces the risk of theft compared with leaving coins on an exchange or hot wallet.
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