Wallets & SecurityBeginner

Cold wallet

A wallet setup that keeps signing keys offline during ordinary storage.

PLAIN-ENGLISH DEFINITION

In more detail

Cold storage puts distance between signing keys and an internet-connected device. Transactions can still be prepared elsewhere and passed to the offline signer. It mainly reduces certain remote attacks; backup loss, a mistaken destination and authorizing a harmful transaction remain separate problems to handle.

IN THE WILD

How you might use it

You prepare the payment on a connected computer, then pass it to an offline signer that keeps the keys off that computer.

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By Crypto Dictionary · Published · Updated

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