English dictionary, thesaurus, translations & etymology
FreeDict.com
Internet

cold wallet

What does cold wallet mean?

A wallet whose keys are kept offline (often a hardware device), making it far more resistant to hacks than an internet-connected hot wallet.

"Never store your life savings on an exchange — use a cold wallet."

Origin

Crypto security terminology; the 'cold' counterpart to a hot wallet.

Frequently asked questions

What is a cold wallet?
A cold wallet is a crypto wallet that keeps its private keys offline — usually a hardware device — so it's far harder to hack than an online hot wallet.
What's the difference between a cold wallet and a hot wallet?
A cold wallet stays offline for maximum security, while a hot wallet is connected to the internet for convenient spending and trading but is more exposed to attacks.
Are cold wallets worth it?
For long-term or large holdings, yes — the offline security greatly reduces the risk of theft compared with leaving coins on an exchange or hot wallet.
Study it as flashcards or scroll it in Vocabulary Flow — saved to your collection.
Slang definitions: FreeDict original editorial.