Post
Topic
Board Bitcoin Discussion
Re: Are cold wallets safer than online exchanges?
by
God bless u
on 15/06/2024, 17:35:29 UTC
If you had a large amount of cryptocurrency would you prefer to keep it on an offline cold wallet or an online cryptocurrency exchange?

Both have pros and cons.

I'm interested to hear the thoughts of others.

I would definately prefer cold wallets because they can be more secure and as we can see now days the online wallets are being hacked and people are going through in everyday almost.
Not only wallets but blockchains are also being hacked and hijacked. We can see multiple incidents in the past and this arises a question that are our assets safe? Thats why cold storage is more likely prefered.