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Topic: What Is Cold Storage In Cryptocurrency? (Read 166 times)

full member
Activity: 308
Merit: 156
October 31, 2017, 03:09:18 PM
#6
Cold storage is a fully isolated from any network or even machine device where you keep your private keys.
full member
Activity: 252
Merit: 100
October 31, 2017, 02:59:51 PM
#5
Its one of the most secure methods to store you crypto currencies. Cold storage is mostly done in paper wallets. There are various videos that explain how you can create you own paper wallet at youtube!
full member
Activity: 770
Merit: 101
fLibero.financial
October 31, 2017, 06:08:58 AM
#4
Cold storage is when your coin is not connected to internet. It can also be called airgapped! Your private key has never been used and your coin is in a virtual machine or paper wallet and is completely offline.
sr. member
Activity: 644
Merit: 299
October 31, 2017, 05:58:54 AM
#3
It is just a method of storing your coins offline. Different wallets offer cold storage option depending on which you want to make use of. It could be paper wallet, hardware wallets or heavy desktop wallets.
However, one thing with all the cold storage method is that you have full control of your wallet as you have access to your private keys which is pretty much important.
hero member
Activity: 644
Merit: 523
Passionate about Crypto
October 31, 2017, 05:55:36 AM
#2
That would mean "holding" for the very long term.

Do you not mean "what is a cold wallet"?
member
Activity: 336
Merit: 10
October 31, 2017, 05:51:08 AM
#1
What Is Cold Storage In Cryptocurrency?  Huh Huh Huh
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