Cold wallet is a way to store digital assets offline, which is safer than hot wallet, because the private key of cold wallet will not be exposed on the Internet. However, because the cold wallet is offline, some extra steps are needed to conduct the transaction.
Here are the steps for trading with a cold wallet:
Open your cold wallet and use wallet software to generate a transaction address and private key.
Transfer the digital assets that need to be traded to the cold wallet address.
Install wallet software on the computer and connect the wallet to the Internet.
Create a new transaction in the wallet software, and fill in the information such as target address and transfer amount.
Sign the transaction: export the transaction data to a file and transfer the file to your cold wallet.
Sign the transaction on the cold wallet: use the cold wallet software to import the transaction data into the wallet and sign the transaction with the private key.
Send the signed transaction back to the wallet software and broadcast it to the blockchain network.
In the blockchain network, miners will verify the transaction and package it into blocks.
Transaction completed: Digital assets are transferred from your cold wallet to the target address.
It should be noted that because the cold wallet is offline, it takes some time and energy to make a transaction. At the same time, we should be careful when signing the transaction to ensure that the private key will not be leaked, protect the integrity of the transaction data and avoid losses.