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... Read More). Offline storageOffline storage is the secure storage of cryptocurrencies offline on a device not connected to the internet. Offline storage means... Read More provides an extra layer of security compared to wallets stored on devices that remain connected to the Internet (i.e., phone wallets).
