What is cold wallet? A cold wallet is a physical electronic wallet, stored offline and not connected to the internet. These types of wallets are often produced in the form of hard drives such as USBs, CDs, etc.
Cold wallets allow users to safely store and protect private keys thanks to the secure chip design. Most of these cold wallets will be secured with a PIN code to protect the device. Therefore, in case you forget your PIN, there will still be a risk of losing your assets.
Therefore, when using cold wallets, users’ assets will minimize risks related to Internet connection. But it is not too convenient for users when they want to access or use assets.
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