Cold wallets are wallets that are stored offline and only connect to the Internet through physical effort (i.e., physically plugging in the USB or manually turning on a hardware walletA hardware wallet is a digital currency wallet that stores the user's private keys in a secure hardware device. A...). Offline storageOffline storage is the secure storage of cryptocurrencies offline on a device not connected to the internet. Offline storage means... provides an extra layer of security compared to wallets stored on devices that remain connected to the Internet (i.e., phone wallets).
