Cold cryptocurrency wallets are the best way to keep your digital coins safe and secure from intruders. For those who trade, mine, or swap ETH to FUN and other coins, it is important to understand how the cold storage of cryptocurrencies works and which storage is the safest.
Importance of the Cryptocurrency Wallet
Cold storage is considered the safest option for cryptocurrency holders. You can store assets in digital (software wallet) or physical (hardware wallet) locations and easily manage your blockchain and cryptocurrency assets. You can use these wallets to buy and exchange cryptocurrencies. They can store one cryptocurrency. Or they offer multi-asset solutions to store multiple coins simultaneously, such as Bitcoin, Ethereum, and Cardano.
By requiring complex passwords and applying other security measures such as two-factor authentication (2FA), these systems make digital coins and blockchain asset owners the only person with access to funds.
The Best 6 Cold Cryptocurrency Wallets
Which one to choose?
Trezor is considered by many to be a convenient tool for keeping coins such as Bitcoin. The security of digital assets is ensured by closed transactions that take place only within cryptographic techniques. The transaction is confirmed by clicking the button and entering the password.
- SafePal S1
SafePal S1 is one of the best cold storage on the market, and the Binance platform supports it. This device allows users to store coins in a completely offline environment securely. SafePal S1 also uses a QR code reading mechanism to connect hardware devices to the SafePal app.
KeepKey is a cryptocurrency cold storage device. It allows users to connect directly to the exchange to buy and sell coins. It connects to a PC via USB and supports 55 types of typical cryptocurrencies. You can easily get your money back if stolen by entering the startup phrase online and sending it to another wallet.
Ledger is a cryptocurrency management tool that is relatively new but not inferior in terms of security. All private keys are protected wirelessly, and the owner’s location doesn’t matter. Furthermore, this device is protected by an authentication chip, similar to a bank card. In addition to the chip, it has a screen for confirming the transaction and two activation buttons. One of the advantages of Ledger is Bluetooth support for communication with iOS and Android devices.
- CoolWallet Pro
CoolWallet Pro is a new mobile hardware tool specializing in DeFi. It was launched in May 2021. With a credit card form factor, enhanced security, and encrypted Bluetooth connectivity, you can secure your crypto assets in your real wallet and take full advantage of a wide range of decentralized financing options. In addition, it has an attractive screen with electronic ink to visually confirm the data first and an embedded button to physically confirm all transactions.
Tangem is convenient cryptocurrency storage. The developers call it the safest of their kind. It allows you to buy, store, sell and transfer coins. It is a cheap and convenient way to store and use coins daily.
Recommendations for the Correct and Safe Use of Your Cold Wallet
To start investing in currencies, download apps from popular exchanges like Binance or LetsExchange to your smartphone. This makes you get closer to your dream. Then, exchange BTC to ETC or buy popular cryptocurrencies in a downturn and hold them in your wallets until they rise in value.
The main function of cold storage is to store cryptocurrency assets securely. However, several types of such wallets are already on the market. So, you can choose the most suitable one depending on your needs.