What is cold storage?

Using “cold storage” for bitcoin and other cryptocurrencies means keeping them offline (disconnected from the internet) to reduce the risk of theft. 

Since the majority of cryptocurrency theft is a result of coins stored online (in a “hot wallet”), keeping them offline until they are ready to be sent is an excellent strategy to increase your security. 

Ways to keep your coins in cold storage include using an offline-generated address, a hardware wallet, or multisig wallets.

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