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Previously, Marquez introduced the concept of a cold wallet, often referred to as a paper wallet. This secure storage method involves offline storage of a public key, which enables users to receive payments in BSV tokens. In the recent demonstration, Marquez revisited his cold wallet to check its transaction history through the What's On Chain BSV blockchain explorer. He highlighted that he had deposited a modest amount into this wallet to facilitate future transactions and demonstrations.
Despite the security benefits, a cold wallet imposes limitations when it comes to spending. As cold wallets are offline, users must transition to warm or hot wallets to spend their funds. This article will explore several options to successfully manage and spend BSV using various wallets.