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Cold Storage
HomeGlossaryCold Storage

Cold Storage

June 24, 2023BY Ubik Capital
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Cold storage, in the context of cryptocurrencies, involves storing digital assets in a cryptocurrency wallet offline. This means keeping the wallet disconnected from the internet to prevent unauthorized access by hackers. It can also encompass the practice of conducting transaction signing “in-device” and offline before transmitting it to the blockchain network. Cold storage is widely recognized as the most secure approach for safeguarding crypto assets.

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