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ETH $2,807.29 (-0.93%)
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BNB $836.77 (-1.61%)
SOL $129.61 (-1.83%)
TRX $0.28 (+0.63%)
DOGE $0.15 (+0.03%)
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ZEC $540.55 (-4.83%)
LEO $9.47 (-0.36%)
LINK $12.45 (-1.70%)
HYPE $31.28 (+0.08%)
XLM $0.25 (+1.84%)
XMR $389.89 (-1.93%)
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HBAR $0.14 (+0.29%)
AVAX $13.38 (+0.04%)
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SHIB $0.00 (+0.02%)

Cold Asset Storage

Cold Asset Storage has nothing to do with temperature, but is the process of moving cryptocurrency ‘offline’, as a way of safekeeping your crypto-currency from hacking. There are a variety of ways to do this, but some methods most commonly used include: (i) Printing out the QR code of a software wallet and storing it somewhere safe, such as a safety deposit box, (ii) Moving the files of a software wallet onto a USB drive and storing it somewhere safe, or (iii) Using a hardware wallet.