Cold Wallets as a Security Solution

To mitigate risks associated with crypto hacks, the use of cold wallets has emerged as a more secure alternative for investors. Cold wallets are physical devices that store private keys offline, providing users with full control over their assets without reliance on exchanges. While they are ideal for long-term investors, their complexity and cost might deter some from making the switch, especially those who trade frequently. Despite the challenges, a growing number of investors are moving their assets off exchanges globally, though India uniquely shows increased reliance on local platforms, reflecting a developing market with significant user registrations.