Cold Storage

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    Cold storage refers to a method of storing a reserve of cryptocurrency offline. Cold storage eliminates the risk of theft from hackers, but creates new problems and risks of its own. Some of most popular cold storage methods include:

    • USB drive or other digital data storage medium kept in a secure physical location
    • A piece of paper
    • On a bearer item such as a physical coin
    • A specially designed offline cryptocurrency hardware wallet, such as Ledger Nano

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