Cold wallets are definitely not 100% safe Their security is even lower than top centralized exchanges A few weeks ago, I shared about a cold wallet company The method they used to randomly generate seed phrases was cracked, and $80 million worth of crypto assets were transferred by hackers Once crypto assets are transferred on-chain, it’s absolutely impossible to recover them—any efforts afterward are futile Imagine someone who has spent decades saving up, continuously investing in crypto, and storing it in their wallet, only to wake up one day and find all their assets have been transferred. The helplessness is unimaginable Most people don’t know how to properly safeguard their seed phrases—taking photos, uploading them to the cloud, saving them digitally, or even storing them in notes I’m not saying exchanges are safe either, but we need to have a proper understanding of the different ways to store crypto and recognize that each method comes with different risks for different people Storing on exchanges or in bank safety deposit boxes is heavily guarded but an obvious target Storing in a cold wallet is like hiding it under your bed—no one knows it’s there, but it’s easier to crack 0.03 BTC isn’t much, just tuition fees But when it’s hundreds of Bitcoin, it’s really no joke