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    "result": {"data":{"glossaryItem":{"seo":{"metaDesc":"Cold Wallet is digital wallet that stores the user's address and private key. Learn financial terms and keywords here.","title":"What is Cold Wallet?"},"title":"Cold Wallet","content":"\n<h1>What is Cold Wallet?</h1>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"611\" src=\"https://wp-api.zipmex.com/wp-content/uploads/2021/11/shutterstock_1061184209-1024x611.jpg\" alt=\"Cold Wallet\" class=\"wp-image-95553\" srcset=\"https://wp-api.zipmex.com/wp-content/uploads/2021/11/shutterstock_1061184209-1024x611.jpg 1024w, https://wp-api.zipmex.com/wp-content/uploads/2021/11/shutterstock_1061184209-300x179.jpg 300w, https://wp-api.zipmex.com/wp-content/uploads/2021/11/shutterstock_1061184209.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" /></figure>\n\n\n\n<p>Cold wallet is a wallet that is not connected to the internet. Users must be responsible for their own private keys.</p>\n\n\n\n<h2>What types of Cold wallets are there?</h2>\n\n\n\n<ol><li>Paper wallet&nbsp;</li></ol>\n\n\n\n<p>A paper wallet is a type of cold wallet which is in the form of a paper which has public keys and private keys information such as a Bitcoin paper wallet etc.</p>\n\n\n\n<ol start=\"2\"><li>Hardware wallet</li></ol>\n\n\n\n<p>Hardware wallets are typically a USB drive device that keeps the user&#8217;s private key. Moreover, it connects to software on computers or mobile devices. Examples include Trezor Model T wallet, Ledger Nano S wallet etc.</p>\n\n\n\n<h3>Cold wallet advantages</h3>\n\n\n\n<p>High security; it is unlikely to be hacked as private keys never come to connect with a user&#8217;s computer network.</p>\n\n\n\n<ul><li>Ability to back up whole digital assets in hardware wallet</li><li>Multi signatures to protect the wallet from hackers. An approval for a transaction has to be approved by a number of people.</li></ul>\n\n\n\n<h3>Cold wallet disadvantages</h3>\n\n\n\n<p>Paper wallet&nbsp;</p>\n\n\n\n<ul><li>The complexity of use : users need to print information on paper then input data to computer or mobile phone when it is needed.</li><li>It can easily get lost and if lost, all digital assets will be lost forever.</li></ul>\n\n\n\n<p>Hardware wallet</p>\n\n\n\n<ul><li>Hardware wallets are more expensive than other wallets (Ledger Nano X price ranges from around $30 to $3,000)</li><li>Can lose hardware wallet and private keys will be lost forever.</li><li>A hardware’s service life is short.</li></ul>\n","excerpt":"<p>A type of digital wallet that stores the user&#8217;s address and private key. It is similar to the key or password which unlocks safe boxes keeping private cryptocurrencies.</p>\n","date":"September 13, 2021","acfGlossaryRelatedTerms":{"glossaryRelatedTerms":{"term1":null,"term2":null,"term3":null}}},"relatedArticles":{"nodes":[]},"latestArticles":{"nodes":[{"title":"What is CBDC? Which countries are developing it?","slug":"what-is-cbdc","excerpt":"<p>CBDC stands for Central Bank Digital Currency. 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