Crypto Cold Storage Device. This way, no one can hack your crypto account and steal your coins. A hardware wallet is considered cold storage because it’s physically disconnected from the internet.
It protects your cryptocurrency in any of the possible scenarios, whether it be physical sturdiness or when you plug it into a device. It is often a necessary security precaution, especially if you deal with large amounts of bitcoin. Cold storage devices are considered to be the most secure places to store your crypto for long term safe keeping.
It is considered the safest way to protect your digital assets.
Cold storage simply means keeping your bitcoin on an offline device that's separate from your computer. Some burglars manage to steal crypto funds even if you keep them in a cold (offline) storage. Through the latter, you can initiate a transaction, which is then sent to the former to get signed with the private keys. Over 272,000 ledger customers had their names, mailing addresses and phone numbers leaked online by hackers, making them vulnerable to phishing attacks and other nefarious tactics to get at their cold storage crypto.
