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Are bitcoin cold wallets safe?

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Hello. I recently started doing research into bitcoin cold wallets. I want to take my bitcoin off of coinbase. I have 2 questions:

  1. Are Bitcoin cold wallets really that safe? When I set up a cold wallet, the software generate a private key for me correct? Is it not possible for the software to send that private key to some server and now this company has access to my private key?

  2. What are some of the best cold wallets?

submitted by /u/Worried_Extreme2101
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