Quote from: Upgrade00 on Today at 01:36:03 PM

Quote from: Nangiconference on March 02, 2024, 09:06:13 AM

Cons: Could be lost or damaged physically, rendering the crypto useless (although some come with backup features now)

Always write down the seedphrase of your wallet and keep that in a secure location. If a wallet does not allow you access this, avoid it, cause you won't own whatever you store on it.

Quote from: Solosanz on March 02, 2024, 09:22:53 AM

Wallets didn't store any keys, it's just a software to connect to blockchain.

If it's a closed source wallet, you never know for sure what information the wallet stores and which it doesn't.

Well, it's better to find open-source wallets. There are plenty of them. Cold wallets are not for everyone anyway.