DEFINITION
A cryptocurrency wallet that stores funds offline, disconnected from the internet.
IN DEPTH
Cold wallets (hardware wallets like Ledger or Trezor) are the safest way to store large amounts of crypto. Reputable casinos store the majority of player funds in cold storage.
WHY THIS MATTERS
Why Cold Wallet Matters When Choosing a Crypto Casino
Casinos that store the majority of player funds in cold wallets are significantly harder to hack. Hot wallet hacks are the primary cause of crypto casino failures. When evaluating a casino, look for mentions of cold storage policy. It signals that operational security is taken seriously.
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