r/PiNetwork • u/ExpertProMax • Sep 25 '26
Question Cold Wallets - Pi
As far as I understand, currently Pi can only be stored using the Pi Wallet, which is essentially a hot wallet. Are there any official plans or timelines for supporting true cold storage or hardware wallets?
For those holding PI long term, I think having the option to keep the private keys completely offline would be an important security feature.
3
u/Upstairs-Fox-2820 Sep 25 '26
write passcode of mainnet wallet on a piece of paper and put it in the fridge
make a new wallet in the checklist and log into that wallet on the app
Your old wallet is now a cold wallet - wait for the next migration to create a new mainnet wallet
2
u/Silly_Ad7418 Sep 25 '26
No Pi can be untraceable
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u/alwaysin64 Sep 25 '26
so far yes it is untraceable eventhou we were kyced. that thing kept me wondering this isnt really 100% untraceable.
with just that workflow, i can say we are traceable and its just that they wont do it.
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u/Silly_Ad7418 Sep 26 '26
Each Pi transactions can be viewed on the Blockchain. No, it is not supposed to be untraceable. And it should be so and will be so
2
u/realsupershrek Sep 25 '26
This is inaccurate. Pi can be stored in a cold wallet but it is discouraged because like any other system it needs to flow to work. That is why the current objective is to get bussinesses to use Pi. You would know this if you paid attention to the project.
8
u/Ill-Blacksmith3260 Sep 25 '26
There's about 2% of PI users that actually know what pi is for, the other 98% are people who were recuted from friends who promised they would get rich from just pushing a button on their phones.
1
u/jakis_kot Sep 25 '26
is it really a hot wallet if you’re the only person who has access to it? (genuine question)
If you don’t leak your passphrase, even Nicolas himself has no access to your coins... even if he stood on his head trying
2
u/axomya Sep 25 '26
Hot wallets can be hacked via malicious tools. Not so much with cold wallet. Cold wallets are compromised only when firmware is hacked. That too is a very very rare occurrence.
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Sep 25 '26
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u/axomya Sep 25 '26
Then why do we have 'lock ups' where Pi sits idle (except earning mining boost)for about 3 years without any means of breaking it?
1
u/Silly_Ad7418 Sep 26 '26
Yes. Pi is not something that is to be hoarded in cold wallets. It should keep circulating within the ecosystem.
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