WHAT IS COLD WALLET
A cold wallet, also known as a hardware wallet, is a secure device used for storing cryptocurrencies offline. It is designed to keep the private keys of your digital assets offline and away from potential online threats, such as hackers and malware. The term "cold" refers to the fact that the wallet is not connected to the internet, which reduces the risk of unauthorized access and hacking attempts.
Cold wallets typically come in the form of small physical devices, similar to USB drives, that you can connect to your computer or mobile device when you need to make a transaction. They provide an extra layer of security by generating and storing private keys securely within the device itself.