If there’s one thing we’ve learned about crypto over the years, it’s that this ever-evolving industry requires you to be on your toes at all times. This doesn’t just apply to the currencies you’re holding, but also where you hold them. If you’re looking for a way to store your crypto assets securely and conveniently, you might want to consider getting a cold wallet. A cold wallet is a type of crypto wallet that isn’t connected to the internet, which means it’s less vulnerable to hacking, phishing or malware attacks. Cold wallets can come in different forms, like hardware devices, paper wallets or metal plates. Durability and security are key here, which means you’ll want a cold wallet that’s made of resistant materials, like stainless steel, titanium or plastic. These materials can withstand physical damage, fire, water or corrosion, and protect your private keys from being lost or destroyed. Some cold wallets also have a tamper-evident seal or a secure chip that prevents unauthorised access or modification of your data. You’ll want a cold wallet that has a user-friendly interface and supports a wide range of cryptocurrencies. Some cold wallets have a screen, a keypad or a touchscreen that allows you to view your balance, send and receive transactions and manage your settings. Others also have a mobile app or a web interface that lets you access your wallet from your phone or computer. You should also check the compatibility and the number of coins and tokens supported by your cold wallet. Most support the ‘popular’ currencies but, if you’re holding something a little more niche, it’s worth doubling checking that your cold wallet supports it. Finally, you’ll want a cold wallet that has a backup and recovery option, in case you lose or damage your device. Some cold wallets provide you with a recovery phrase, a set of words that can restore your wallet on another device. Look out for cold wallets that also have a backup service that can help you recover your wallet with a secure backup for your recovery phase. We’ve rounded up all of the best cold wallets
Best cold wallets 2023: Ultimate security for your crypto investment
