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What are Cold Wallets?

What are Cold Wallets?

Both hot and cold wallets exist for storing cryptocurrency. Private keys are used in hot wallets - online wallet (a type of cryptography, like a password). Cold wallets, on the other hand, are regarded more secure because they are held offline. In other word, an offline wallet stores crypto assets is called a "cold wallet."

Cryptocurrency storage that isn't connected to the internet is called a "cold wallet." Also known as Hardware wallets, they employ a USB stick to store cryptocurrency. It is the most secure sort of digital wallet because hackers would need access to your device and the PIN/Password connected with it.

Below you'll find a selection of the best cold crypto wallet apps and wallet software, complete with descriptions of their most useful features and links to their official web pages for further information. The list includes both free (open source) and paid (commercial) wallets.

Ledger Nano X

Second-generation Ledger hardware wallet, the Ledger Nano X, is now available. The best crypto hardware wallet is a physical one for a reason. Mobile wallets allow you to keep track of, swap, and buy crypto while you're on the go. Since your Android and iOS devices can be used to trade efficiently, you don't need a laptop to trade.

Check your balance and exchange currencies using the Ledger Live program included. As of this writing, Ledger supports more than 1,800 digital cryptocurrencies and tokens, including Bitcoin. Even coin staking, in which you get rewards based on your balance, is supported by Ledger Live.

This cold crypto wallet has dimensions of 72mm x 18.6mm x 11.75mm and weighs around 34 g. With an ithium-ion 100mAh battery, the Ledger Nano X is made of stainless steel plastic. To get you started, the wallet comes with a USB-C cable, a USB-A cable, a getting started guide, and three recovery sheets. All smart services, including DeFi apps, NFTs, and more, can be accessed through this wallet.

Ledger Nano S

The Ledger Nano S is one of Ledger's most popular cold wallets. As one of the first hardware wallets to support more than 1800 cryptocurrencies, it is a groundbreaking piece of technology. A small number of cryptocurrencies can be stored in the Nano S at a time.

The Ledger Nano S measures 104mm x 58mm x 5mm in size and weighs 16.2g. To make it, it is crafted using stainless steel and plastic. It is powered by a 100mAh lithium-ion battery. A USB cable, a getting started pamphlet, three recovery sheets, and a keychain strap are all included in the box's contents. It has a Micro-B USB cable.

Trezor Model T

Using the Trezor internet interface, customers can access third-party exchanges, like as Changelly and CoinSwitch, directly from the Trezor Model T crypto hardware wallet.

The new touch screen functionality on this encrypted hardware wallet makes it more user-friendly for first-time cryptocurrency users. One of the greatest cold wallets in the market has dimensions of 64 millimeters long by 39 millimeters wide and 10 millimeters thick.

One Trezor Model T hardware wallet, a USB-C to USB-C connection, two recovery seed cards, a magnetic dock, and a keychain strap are included in the box. A USB-C to USB-A adapter is included, making it easy to connect to a computer or smartphone instead of Bluetooth, making it one of the best cold storage wallets there.

CoolWallet Pro

DeFi-focused CoolWallet Pro is a Bluetooth-encrypted mobile hardware wallet that allows you to connect to mobile devices without the need for an internet connection. Using DeFi, Dapp, and NFT are a breeze. It has a tamper-proof and water-resistant body, and a lithium-ion battery that lasts for weeks on a single charge.

Using its EAL6+ secure element (SE), AES256 encrypted Bluetooth Low Energy (BLE), and five processors to handle Power Management, this one of the best hardware wallets provides multi-layer cold storage security.

SafePal S1

Three years ago, the SafePal S1 Hardware Wallet was released. A total of more than 10,000 different cryptographic tokens, including non-fungible tokens (NFTs), are supported. A safe, straightforward, and easy-to-use crypto management solution is the goal of SafePal, one of the best cold storage wallets available.

Many operational and security components may be combined to make it a more secure option than most hardware wallets, such as recovery seed (two-factor authentication (2FA), and pin code).

Despite its sleek design, this wallet has a shoddy keypad. As long as the temperature doesn't go below freezing, SafePal is still able to function properly. With the SafePal S1, you get a USB-A to Micro-USB cable, three recovery sheets, a cleaning cloth and an instruction manual in a handy package. With a USB connection, you may power up this cold crypto wallet at any time. It has a 400mAh battery, however it doesn't have any kind of connectivity.


KeepKey is a hardware Bitcoin wallet that employs cutting-edge security measures. Using the same offline, cold storage public and private keys, it is a pen drive form of a hardware wallet which is impenetrable to thieves since a unique pin code that only you know.

Using the ShapeShift currency exchange platform, KeepKey makes it simple to transact in a wide variety of crypto currencies with high level of security. It's compatible with MyCelium and Electrum, two other popular cryptocurrency wallets. You may cross-verify it on GitHub, as it is open-source and available for everyone to see. The KeepKey wallet, a woven nylon USB cord, a Recovery phrase backup card, and Warranty information are all included in the inbox.

Keeping your Crypto Assets safe is a good idea.

Since cryptocurrencies are highly volatile, it is important to monitor their value at all times. Due to cyber-attacks, hackers, and frauds, you could lose all of your investments.

To keep your crypto safe, follow these simple steps:

Use an offline PC or external hard drive to keep your private keys safe and encrypted. To put it simply, paper walletis also a type of offline cold storage for cryptocurrencies.

If you want to trade cryptocurrencies, only use platforms that have been approved by well-known websites.

To prevent financial loss or the theft of your identity, you should never give out or exchange your private key with anyone (i.e., fraud).