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The BEST Cold Wallets for 2024!The three types of crypto wallets are paper, hardware, and software wallets. Hot wallets are connected to the internet while cold wallets are not. A Hard Wallet is a physical storage device that stores private keys, tokens, or cryptocurrencies. These devices may be flash drives or hard disk drives. Hardware wallets are much more secure but are limited in their scope. A software wallet can be accessed anytime and much more conveniently than.