Im relatively new to crytocurrency. I have read in manys sources that the safest place to store bitcoins is in a offline wallet. Why are offline wallets the safest? What are your recommendations?
Having offline wallets are much safer than storing your Bitcoin in online wallets. Storing your Bitcoins or other currency in your own wallet means that you are in control of the currency you have. You will not worry about running with your coin. Not unless the wallet you are storing become corrupted.
Now, storing online can cause you less security with your money. In the sense that if you deposited that money in a company which is not legitimate, they can close anytime and run with your money. Or, you can be a victim of Phishing and they can take away you hard earned coin. But, legitimate online wallet are safe in keeping your Bitcoins as they offer multi level of security. Just need to have some time finding legitimate wallet to store your Coins.