USB Wallets Intro. (What are they, Why Do They Exist and Pros & Cons)
USB wallets are a favorite among people who have a cryptocurrency and need to store it somewhere. They are hardware wallets. They store your keys, credentials and these are the things you need to gain access to your crypto.
They exist as a safe way for you to store your cryptocurrency offline so that no one can access the information to steal anything from you.
A USB wallet is one type that we call cold storage methods. This is because the information is stored in a USB away from the internet. Because cold storage is the safest way, people prefer it when they do not want to be victims of hacks.
The con here is that you could lose that physical wallet and have no way to access your crypto. It has happened to people before and the losses can be in the millions of dollars sometimes. However, with the use of seed phrases and specific USBs, the recovery of your keys is easy now.
