Best Cold Storage Cryptocurrency Wallet

Even though it can be easy to end up feeling overwhelmed when you consider all of the cold storage options available there s no reason to limit yourself to just one wallet type.

Best cold storage cryptocurrency wallet.

A paper wallet is a great one off cold storage option but lacks the versatility you get with a hardware wallet. When it comes down to it a hardware wallet is the most secure cryptocurrency cold storage option for the reasons above and more. However this cold storage is different from other types because the crypto ecosystem is quite new and a little tricky to understand. We cold store things which we want to preserve for a long time.

Recently we added a dedicated guide to mycelium follow this link. However these options aren t the easiest to use if you need to access your cryptocurrency. Cold storage can also refer to keeping a wallet on a dedicated computer that is not linked to the web. By storing most of your cryptocurrency in a cold wallet and just a small amount in a hot wallet you can get the best of both worlds ease and quickness of use as well as the security the cold wallet provides.

Cold storage is a very common thing. In summary bitcoin cold storage is an effective way to keep your cryptocurrency from falling into their wrong hands. In the cryptocurrency space investors who want to preserve their digital assets for a long term investment use this cold storage concept. Mycelium is an hd wallet which is a wallet that generates a new address every time it sends or receives digital assets and increases the privacy level.