- Pi Network users can now store PI tokens in cold wallets.
- Zypto App and OKX Wallet with Ledger offer offline security solutions for PI.
- Wallet activations and upcoming features drive the need for safer token storage.
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.
Zypto App and OKX Wallet, when used with Ledger hardware, now provide support for offline PI storage.
Growing Demand for Secure PI Storage
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.
Related: Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60
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.
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.
OKX Wallet and Ledger Offer Hardware Security for PI
The OKX Wallet now supports PI tokens on the mainnet when paired with a Ledger hardware wallet for users seeking hardware protection. This setup creates a cold storage environment that is physically separated from online access.
Ledger wallets are widely recognized in the crypto industry for their security standards. Combining them with OKX Wallet’s 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.
Related: Crypto Price Analysis: ETH, SOL, XRP, SUI, and PI Face Bearish Pressure Amid Market Volatility
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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