Cold Wallet
A cryptocurrency wallet that is not connected to the internet, providing maximum security for storing digital assets. Hardware wallets like Ledger and Trezor are common cold wallets. Poker players should store their long-term bankroll in cold wallets and only transfer funds to hot wallets or poker rooms when needed for play.
Example
You keep 2 BTC in a Ledger hardware wallet, disconnected from the internet. You only transfer funds to the poker room when you are ready to play, keeping the bulk of your crypto secure.
Where this matters
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Glossary pages explain the language. Use the links below to see how the term affects room choice, rakeback value, or payment tradeoffs on the commercial side of the site.
Related Terms
See Also
- Bankroll Management- The practice of managing your poker funds to minimize the risk of going broke during natural varianc...
- Crypto Deposit- The process of transferring cryptocurrency from your wallet to a poker room account. Crypto deposits...