Among the main factors that attract the attention of investors, security is a highlight of Cold Wallet. That’s because it’s possible to keep all your virtual currencies in one place, but in such a way that no one will have access unless they want to.
What are the Types of Cold Wallet?
Due to the effectiveness of this type of wallet, Cold Wallet Apps began to be launched, expanding crypto storage opportunities. Below, we list some of the most important ones.
Ideal for customers who value easy access, Desktop Wallet is a type of cryptocurrency wallet used to export encrypted private key files to offline. Thus, all virtual currency data is stored on the computer.
However, it is important to be careful when managing currencies as the data cannot be restored. On the other hand, this is a type of Cold Wallet that is safe and easy to use, as well as being more accessible than other types of wallets.
A Paper Wallet or paper wallet is one of the cheapest forms of Cold Wallet available on the market. This is because it is printed with a public or private key pair.
It is often available for free, as you only need to print it, this wallet can even be used as a gift card. However, remember that you need a reliable printer to issue Paper Wallet.
As a more practical way, it is also possible to store the cryptocurrencies on the USB, making it easier to export and save the private key pairs of each currency.
But to ensure data security, you need to be careful who trusts USB. This is because, being offline, this is the only way to access the coins.
See How to Buy Cryptocurrencies
So what is the best Cold Wallet? The answer depends on the investor’s profile and the advantages he wants to have in his hands when opting for this type of offline portfolio.