Bitcoin Island - Cold Storage

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About the Sock

Bitcoin Island Collection:

Bitcoin, like £ or $, needs to be stored in a wallet of some sort. Bitcoiners have many storage options available to them, with one of the most popular being "cold storage".

What is cold storage?

This term simply refers to hodling Bitcoin offline, rather than online (digitally) in a "hot" wallet.

As it doesn’t rely on the internet in any way, cold storage is often thought to be the safest method of storing Bitcoin because it can’t be easily hacked.

Types of cold storage

• Hardware wallets - E.g. USB-style devices
• Paper wallets - Printed with a QR code for your Bitcoin address and private key

How to use cold storage

Many people using cold storage will typically keep a small amount of Bitcoin in a hot wallet (online), with the bulk of their portfolio being kept offline.

Safety first is the message behind the Bitcoin Cold Storage sock... whoever you are and however much you have, it’s important to store your Bitcoin safely (and to also to keep your feet warm 😉).

Looking after your socks