Pi Network (PI) Users Can Now Store Their Tokens in Cold Wallets

Pi Network users can now store their PI tokens in cold wallets. The update comes as user demand for more secure storage increases with ongoing mainnet developments.

Pi Network users can now store their PI tokens in cold wallets, according to a recent post by PiNewsMedia on X.

Key Takeaways:

* Zypto App and OKX Wallet, when used with Ledger hardware, now provide support for offline PI storage.

* User demand for more secure storage increases with ongoing mainnet developments.

* PI tokens are currently trading at $0.578, down 2.2% in the past day.

As the Pi Network hits mainstream with wider adoption, its users, known as “Pioneers,” are placing a higher priority on asset security. Recent wallet activations, token unlocks, and new ecosystem features have all increased the need for better ways to protect digital holdings.

Earlier today, the community-led account PiNewsMedia posted on X about the shift toward cold storage. The post pointed to growing users looking for safer alternatives to online wallets.

“Good news, Pioneers! Pi Network users are exploring options for cold storage to safeguard their PI tokens.”

Hot wallets, which are connected to the internet, offer convenience but carry a higher risk of hacks and unauthorized access. In contrast, cold wallets store assets offline, making them more secure for long-term holdings.

Zypto App Introduces Mobile Cold Storage for PI

One new solution for Pi users is the Zypto App, which recently added support for the Pi Network mainnet. The app features a “Vault Card,” a way for users to move their PI tokens into secure offline storage directly through their mobile device.

Zypto offers a mobile-first approach to cold storage. Users can transfer tokens into cold storage within the app with a few taps, keeping them safe from online threats.

“We are excited to announce that Zypto App now supports Pi Network mainnet. This means that you can easily buy, sell, and store your $PI tokens on the Zypto App and move your PI tokens into cold storage with our new Vault Card feature,” Zypto stated last month.

OKX Wallet and Ledger Offer Hardware Protection

For users seeking hardware protection, OKX Wallet has also announced support for PI tokens on its mainnet platform, compatible with Ledger hardware wallets.

This setup creates a cold storage environment that is physically separated from online access, aiming to provide maximum security for users’ digital assets.

Ledger wallets are widely recognized in the crypto industry for their security standards. Combining them with OKX Wallet’s user interface gives users a powerful tool to securely manage and store their Pi tokens.

Notably, PI is trading at $0.578, a 2.2% drop in the past day. The token is now down 81% from its February peak of $3. The token has struggled to gain traction since launching its open mainnet.

Meanwhile, rumors of a partnership with BNP Paribas recently circulated on social media, citing an unverified GitHub repository. The bank has not confirmed any deal, and the Pi Network team has not addressed the misinformation.

Similar unverified claims involving Apple Pay and PayPal have also emerged. The repeated spread of false news and a lack of exchange listings continue to weigh on market confidence.

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