A Crypto Wallet Hardware is a physical device used to securely store and manage crypto assets such as Bitcoin and Ethereum. It stores private keys and crypto assets inside, unlike a software wallet that stores data on a computer or mobile device.
Crypto Hardware Wallets are also referred to as "cold wallet" because they are not directly connected to the internet, making them more secure from online threats compared to "hot wallets" or online wallets. They are typically small, portable devices that connect to a computer or mobile device via USB or Bluetooth.
Hardware wallets are specifically designed to provide a high level of security for storing crypto assets. With private keys stored on the device and not connected to the internet, users' crypto assets are protected from threats such as theft or breaches by unauthorized parties.
Other security features of Hardware Wallet include encryption, backup and recovery, and transaction verification features that are more secure than software wallets.