Best use
Cold wallets are commonly used for long-term storage and larger balances that do not need frequent trading.
Tradeoff
Cold storage is less convenient than hot wallets, but can reduce exposure to online attacks.
Related pages
Read about hardware wallets and when to buy one.
How to use this term
Use cold wallet notes when deciding how to protect long-term holdings.
What to check
Check recovery backups, device sourcing, firmware updates and whether you understand the restore process before storing a large balance.