Why Do Miners Keep A Large Sum Of Their Bitcoins In Cold Wallets?

[Sami balta 53]

The answer to this is simple. This way the attackers will not be able to steal their digital assets, as there is no online connection to exploit the wallet.

[Basel636ghazal 27]

Because hot wallet can be hacked by hacking the device

[Abo3laa 813]

Some people do not have enough experience to protect their devices from hacking, so they believe themselves, so at any time Fitch fat to store their money PHP cool wallets in order to preserve them

Some people do not have enough experience to protect their devices from hacking, so they believe themselves, so at any time Fitch fat storing money in wallets cool in order to preserve them

[Sami balta 53]

On 1/28/2020 at 2:33 PM, Basel636ghazal said:

Because hot wallet can be hacked by hacking the device

Therefore, he must protect his device and make him safe from penetration, and he must be aware of manipulation or fraud.

[Whited35 15285]

The only one the most meaningful reason that they are doing so is, not hot wallet even Blockchain or coinbase can be secured in the comparison of that of cold wallet. There can be no access for the scammers to the cold wallets. So that can be the reason . 

[Thor1 16]

I dont know.. But idont have any knowledge about it.. This question is very dificult for me.   

[bentayebsalah 2280]

People who hold large amounts of cryptocurrencies such as miners keep in cold portfolios in order to protect their currencies and no one else can access them.

[BrolySSJ 7899]

Cold wallets are considered to be much safer than hot wallets as they are not online wallets and therefore they reduce the risk of them being hacked to next to nothing at all. Miners tend to have a large amount of bitcoin and therefore they use cold wallets in order to protect their funds.

[tienda 8776]

They choose cold wallet because are considered safe and secure than hot wallets, I have already heard many people in different forums and media social where prefer a clod wallet than a hot wallet. 

[Saj555 2250]

Bitcoins are high in price value. And the miners always mine this coin to hold it for a long time. So that they can trade it with other currencies at some point and for long term holding of cryptocurrencies the best wallets are the cold storage wallets. And these storage wallets are highly secured without the internet. So there is no tension for getting hacked of the cryptocurrencies. Only the harddrive needs to be secured.  

[kadayakito 765]

This is very simple. Because bitcoin is super valuable and cold storage is very secure and highly secure, it has no internet connection, hackers have little chance to take advantage of information theft.

[Thekingcallme 1975]

Yes, your words are true. Cold wallets are used to store large quantities of coins, and this is to avoid their penetration. This is what miners do to protect their bitcoins.

[Calvinpriva 17296]

Many bitcoin miners are keep their bitcoins in a cold wallet because they are very safe and no any scammer who will be able to steal your bitcoins unless you give them your private key for you wallet so that they can access your wallet.

[scorpiali 5626]

The best way to store your coins safe is to leave them in the cold wallet no one can know what you have and where you store them,only you can move them 

[Zaino34 0]

People who have large currencies depend on cold wallets instead of internet-connected wallets because they are safer and it is difficult to steal these money. It is a safer method compared to other methods of storing currencies.

[Yomose 3704]

7 hours ago, Zaino34 said:

People who have large currencies depend on cold wallets instead of internet-connected wallets because they are safer and it is difficult to steal these money. It is a safer method compared to other methods of storing currencies.

You are right, but it is because the seed phrase and private keys of hardware wallets is always offline and can not be revealed to hackers. 

Edited May 26, 2020 by Yomose

[Rostik200279 53]

Cold wallet is the safest way to keep your crypto currency.On-line wallets are vulnarable for hackers and it's not recommended to keep here large sum.

[bachir2015 29]

You are right, but this explains why the currency rates have not skyrocketed.

[smeb97 28]

Because their crypts could be stolen. They simply ensure that they are safe. All crypts are valuable now and much more in the future.

[RICZAROS12 38]

A cold wallet is a device that stores part of a user's wallet securely, usually on offline hardware. There are several advantages that come from using cold wallets. The key or key is generally stored in a protected area of a microcontroller and cannot be transferred outside the device in plain text.

[criistianinDP1 64]

This is a strategy that many pages implement to prevent hackers from accessing people's funds and keeping your crypto assets securely.

[Aurora2020= 17]

Cold rooms or cold bags are very safe. They cannot be stolen by line pirates or scammers, so miners keep their coins in cold stores to avoid being stolen.

[Johandrys 114]

Very important information, I will put it into practice, since lately I have been keeping my crypt coins in hot wallets. Thanks for the information.

[Pasha1606 44]

The answer is easier than you think.First of all,Its more safer than online crypto wallet and second of all its portable wallet which you can take with you.

[elbauanani 9]

I hope you do not spare us with the name of the information I do not have sufficient experience to protect or storage of the beginning to be a believer%