Cold wallets don’t hold your ETH

There seems to be a massive misconception about how wallets work and what a cold wallet is. Let’s set some facts straight.

A Cold wallet is not/does not: – “store” any crypto – make you unsusceptible to hackers – make your Private Keys safe – do anything different then a “hot wallet”

A cold wallet is – an offline store for your private keys, when it’s unplugged from your laptop

Crypto wallets are not like wallets in your laptop, the crypto doesn’t go into the wallet. Instead a wallet is an address. The blockchain holds book entries for what crypto is assigned to that address.

This means your crypto is still on chain. You’re not safe from scammers with a hardware wallet. And, any coin migrations, airdrops authorizations you’ve made or signed can still happen even if you’re not plugged in.