Cold storage

Cold storage is a method of storing digital assets, such as cryptocurrency, offline in a physical device that is not connected to the internet. The purpose of cold storage is to protect these assets from potential cyber-attacks and online theft. By keeping the assets offline, they are not susceptible to hacking attempts, which is a significant risk when storing digital assets on an online platform or in a software wallet. Cold storage is considered as one of the most secure methods of storing digital assets, and is generally preferred by individuals and institutions that hold significant amounts of cryptocurrencies.