What is a cold wallet?

Cold wallets protect your Bitcoin and tokens from online threats. In fact, your private keys are offline, locally stored in an “air-gapped” device. Because your assets are not connected to the internet, they are impossible to compromise digitally.

This level of security is achieved only when private keys are generated and stored in an offline environment.

Here are all the different cold wallets:

  • Branded wallets: designed and sold by a private enterprise. Usually comes in the form of a pen drive with a Graphic User Interface.
  • Paper wallets: piece of paper with just a public and private key generated in an offline and secure environment.
  • DIY wallets: nothing like building your own cold storage out of your preferred digital device.

Branded wallets

There are multiple secure and well-designed cold wallets to store your crypto at an affordable price.
They hold your cryptocurrency private keys in an offline environment and make your overall user experience convenient.

Depending on the price range, products can provide a screened device, a software application and even store various cryptocurrencies.

If you don’t have the time or energy to build your own cold wallet, you can check out our handpicked lists of branded wallets below.

Paper wallets

Similarly, you can print your own cold wallet on paper. It holds all the necessary information to access cryptocurrencies on a sheet of paper: a public address and a private key.

Create your Bitcoin or Litecoin address in 5 simple steps.

  1. Go to Bitaddress.org or Liteaddress.org for Bitcoin and Litecoin respectively.
  2. After creating some randomness (with BitAddress, not LiteAddress) you will have a public address and a private key.
  3. Click on “paper wallet” on the top of the navigation bar.
  4. Select the number of addresses you wish to create. Click on “generate” and “print”.
  5. Save it as a PDF or print directly in hard format.

Congrats, you are now the proud owner of a paper wallet!

For obvious reasons, paper cold wallets are less durable than hardware cold wallets, so be sure to store them in a dry place.

Do It Yourself

Making your own cold wallet is not as complicated as it sounds. Do It Yourself cold wallets let you build a network of cold wallets at minimal costs. All you need is a pen drive, a computer and to follow clinically a few steps.