I'm a little late to this party but I love cold water shaving. I think the best benefit for me is it tightens the skin and seems to reduce blade skipping. And the cold water helps with inflammation and irritation that can result from shaving. I even cold water shave with mentholated soaps, just adds to the kick. But I am not a big fan of very heavy menthol such as the glacial soaps by Stirling, that much menthol just hurts even with warm water.
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