What is cold storage and why is it beneficial?

Haunebu

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Cold storage is an offline storage area which helps provide high security from cyber attacks since the wallet is never online. Big companies usually store millions in these wallets due to their enhanced security.
 

plvbob0070

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Cold storage is a kind of offline wallet where you can store millions of tokens. Most of the people who have a lot of cryptocurrencies always use this kind of wallet because of its being secure. The benefits that they could get if they going to use cold storage are the assurance of the safeness of their cryptocurrencies.
 

Ailmand321

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It is an offline wallet. It is highly recommended since it gives the top most security since you will be keeping your own private key and seed, unlike online wallets.
 

aoluain

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If using cold storage make sure it is "clean" and not infected with maleware! this also means that all USB and media devices must be kept clean also.

These measures ensure that your private seed is secure while not being connect to the web.

The obvious drawback in cokd storage is system failure, hardware failure etc. and the risk of not being able to retrieve your data
 

Baby Lion

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Cold storage also known as offline wallet, thus using cold storage keeping you away to hackers ,malware attacks and any susceptible threats on internets. Cold storage usually use on having a large amount of crypto.
 

Simeon4real

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Cold storage acts like paper wallets, they've enhanced security compared to wallets with hot storage. Being in cold storage means it's not activelin use at all times.