Going Cold: The Ultimate Guide to Offline Crypto Storage

Storing crypto offline (often called “cold storage”) is widely considered the gold standard for security. In this comprehensive guide, we’ll explore why offline storage is so important and how you can set it up correctly.

Why Offline?

• No Internet Exposure: Reduces the risk of hacking or phishing attacks.
• Full Control: You hold your private keys, rather than entrusting them to a third party.
• Lower Stress: When markets fluctuate or rumors of hacks spread, you can rest easier knowing your coins aren’t on an exchange.

Setting Up Cold Storage

1. Choose Your Hardware Wallet

   • Many reputable brands offer hardware wallets with strong security features. Preferably one with a Passphrase option for extra security.  (i.e. Trezor, D'Cent)

2. Generate & Record Seed Phrase

   • The wallet will provide you with a seed phrase. Write it down carefully—this is your master key.

3. Transfer Funds

   • Move your crypto from your hot wallet or exchange to your hardware wallet. Confirm the transaction went through.

4. Backup the Seed on Metal

   • For enhanced durability, store your seed phrase on a metal backup from Black Seed Ink.

Long-Term Maintenance

• Verify Annually: Plug in your hardware wallet once or twice a year to ensure it’s still functional and your seed phrase is accurate.
• Store Securely: Keep the hardware device and seed phrase in a locked safe or deposit box.