Cold wallets are categorized based on whether the private key is exposed to the internet during storage. Those that are not exposed are considered cold wallets, offering higher security. In contrast, hot wallets remain connected to the internet—common examples include mobile wallets we use daily. It's worth noting that cold wallets can take various forms: paper wallets, brain wallets, hardware wallets, or even offline phones and computers. Typically, when we refer to cold wallets, we mean hardware wallets.
Which Cryptocurrencies Are Compatible with Cold Wallets?
Not every cold wallet supports all cryptocurrencies. Each cold wallet has its own list of compatible assets. Below, we explore the supported currencies for several mainstream cold wallets.
imToken
imToken is a lightweight mobile wallet application designed to offer average users a secure, user-friendly, and feature-rich platform for managing digital assets.
Key Features:
- Private key ownership
- Lightweight wallet functionality
- Support for multiple digital assets
- Tracks global exchange rates and allows price alerts for various cryptocurrencies
Supported Assets:
BTC, ETH, DOT, BCH, LTC, FIL, EOS, ATOM, XTZ, KSM, CKB
Ledger
Ledger, a leading hardware wallet manufacturer, provides trusted hardware solutions for both consumers and enterprises. Its smart card-based wallets combine top-tier security with usability.
Supported Assets:
BTC, ETH, NEO, ZEC, QTUM, BAN
BitPie
BitPie, developed by the Bither team, is a comprehensive blockchain asset service platform. Built on HD wallet technology, multi-signature support, and on-chain transactions, it enables easy and secure digital currency use.
Supported Assets:
BTC, ETH, DOGE, BCH, LTC, ETC, EOS, ZEC, QTUM, BCD, GXCSAFE
Cobo
Cobo aims to create an all-in-one digital asset storage and management platform, ensuring a secure and reliable environment for storage and transactions. Its offerings include a staking-supported wallet, institutional custody solutions, and a military-grade hardware wallet.
Supported Assets:
BTC, ETH, BNB, XRP, DOGE, BCH, LTC, ETC, EOS, DASH, ZEC, FIRO (XZC), AE, MDU
HyperPay
HyperPay is a versatile digital asset wallet integrating hosted, self-custodied, jointly managed, and hardware wallets. Committed to security and value growth, it merges personal finance with third-party payment services, providing a one-stop solution for all crypto needs.
Supported Assets:
BTC, ETH, ADA, XRP, DOGE, BCH, LTC, ETC, VET, EOS, BSV, NEO, XTZ, ALGO, DCR, WAVES, DASH, ZEC, QTUM, ONT, SC, RVN, IOST, CKB, NKN, SERO, BTM, NULS, VSYS, GXC, AE, HC, WICC, TRUE, GNX, XAS, BEAM, UBTC, BTP, PHB, LBTC, EOS, DAC, SDA, HX, TNC, AXE, ITS, LEEK, GRAM, BLACK, OC, VTHO, CFUN, EPC, RKC, BOT, HAIC, ENTC
Trezor
TREZOR, a high-tech encrypted storage device made in the Czech Republic, is widely recognized as one of the earliest and most secure options in the industry. Its security model operates on a zero-trust principle, assuming any component could be compromised.
Supported Assets:
BTC, ETH, LTC, ETC, ZEC, ETZ, AXE
Understanding Cold Wallets
A cold wallet, also known as an offline wallet, refers to a storage technology developed by IT firms specializing in blockchain asset security solutions. These wallets integrate multiple functions: digital currency storage, multi-layer transaction passwords, real-time market updates, and hard fork solutions. By using QR code communication, they ensure private keys never touch the internet, effectively preventing hacker theft. A classic example is the U盘 handed over in the film "Integrity"—a typical hardware wallet.
Key Characteristics of Cold Wallets
- Decentralized Storage: Cryptocurrencies are stored across multiple addresses, each holding a predetermined amount.
- Offline Private Keys: All private keys are generated and stored on completely offline computers.
- Network Isolation: Private keys never contact the internet or USB devices.
- Remote Backups: Encrypted private key documents are backed up in separate locations, controlled by different individuals.
- Password Management: AES passwords for private keys are managed by two distinct offsite persons, separate from those holding the keys.
- Geographic Dispersion: Individuals controlling encrypted private keys or passwords should be in different locations, ideally different countries.
- Key Disposal: Once a private key is used to transfer funds online, it is permanently retired.
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Frequently Asked Questions
Can a cold wallet store any cryptocurrency?
No, each cold wallet supports a specific set of cryptocurrencies. Compatibility depends on the wallet's design and the blockchain protocols it integrates.
Why choose a cold wallet over a hot wallet?
Cold wallets provide enhanced security by keeping private keys offline, making them immune to online hacking attempts. They are ideal for long-term storage of significant assets.
How do I transfer funds from a cold wallet?
To transfer funds, you typically connect the cold wallet to an online device, sign the transaction offline, and then broadcast it to the network. This process ensures private keys remain secure.
Are cold wallets compatible with new cryptocurrencies?
Wallet manufacturers periodically update firmware to support new assets. Check the official provider for the latest compatibility lists.
What happens if my cold wallet is lost or damaged?
As long as you have your recovery seed phrase—usually 12 to 24 words—you can restore your assets on a new compatible wallet. Store this phrase securely offline.
Can I use multiple cold wallets for different currencies?
Yes, many users diversify across wallets to optimize security and compatibility with various cryptocurrencies.