Post
Topic
Board Bitcoin Discussion
Re: Are cold wallets safer than online exchanges?
by
coinerer
on 19/06/2024, 10:28:39 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.

offline cold is always safer then online exchange or wallet. When you hold large amounts of Bitcoin or other cryptocurrencies, you should go for a hardware wallet instead of using a software wallet. Because the hardware wallet will always be offline so in this case hackers will not be able to hack your crypto. Online non custodial wallets are also unhackable if you keep your private key secure.  In this case, keeping a note of the private key offline is much safer.