Finance glossary
Cold Storage
Definition
Keeping cryptocurrency offline for maximum security.
Cold storage keeps the private keys to crypto completely offline, on hardware wallets or paper, making them immune to online hacks. It is the safest way to hold large amounts long term, at the cost of convenience compared with internet-connected hot wallets.
In a sentence
She kept her long-term holdings in cold storage on a hardware wallet, safe from online hackers.
Get a word like this every morning
Word of the Day on your Home Screen, with quizzes and flashcards. Get the app →