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Cold storage

2022-07-02 88hotness 0likes 0comments

In the crypto domain, cold storage is the offline storage of cryptocurrencies. The term refers to the utilization of cold wallets that are not connected to the internet.

Cold storage is the safest way to store cryptocurrency because offline currency is less likely to be hacked and stolen.

Cold storage can refer to paper wallets, printed versions of private keys, as well as offline hardware and software wallets.

Q: What is a Cold storage?

A: is a way of holding cryptocurrency tokens offline.

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Original link:https://www.investopedia.com/terms/c/cold-storage.asp#:~:text=Cold%20storage%20is%20a%20way,their%20holdings%20via%20traditional%20means.

Tag: Cold storage Cryptocurrency
Last updated:2022-07-02

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