Related Terms Cold Storage Definition With cold storage, the digital wallet is stored in a platform that is not connected to the internet. While the huge community is a terrific feature to go with, it does create problems of its own. Login Newsletters. Remember that the very last thing you could want is for you to simply lose your money. Be sure to ask the right questions and do so before you give out your gift card details. Bitcoin gift cards are another easy way to give bitcoins as a present to family and friends. The easiest way to physically give someone some bitcoin is through a paper wallet: Literally, a printed piece of paper that contains the public and private keys that correspond to the wallet online.