Please ensure Javascript is enabled for purposes of website accessibility
Search
Accessibility Menu

What Is Cold Storage in Crypto?

By Lyle Daly – Updated Oct 10, 2024 at 9:37AM

Key Points

  • Cold storage is an offline crypto storage method that enhances security by keeping keys away from online threats.
  • Hot wallets offer convenience for daily crypto transactions but have higher hacking risks compared to cold storage.
  • Investors use a mix of cold and hot storage, reserving cold for bulk savings and hot for frequent trading.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

Our Guides

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.