first do you know what a cold wallet is they are cryptocurrency wallets that are stored offline imagine that a software is able to leave your coins dormant and give you a paper with a code that only you can use for bring them back to life that's how it works some specialized websites are responsible for doing this job and they store your cryptocurrencies and generate wallets in physical format that you can print and keep at home or even in a bank safe they are protected with a public or private key think of it like this the public key would be like your bank account number while the private key would be like the password to access it since these keys are not exposed to the internet your coins are less susceptible to hackers and online malware who would have thought that was possible but since not everything is Rosy the negative part is that if you lose these papers your cryptocurrencies will also be extinct
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