Quote from: Vaccaria on August 28, 2018, 03:23:28 AM

So there's different type of wallets out there, paper wallet, hardware wallet, mobile wallet, browser-based wallet.

Then there's different things that people do with their cypto: holding it for months, trading it every day on exchanges, using them on their respective blockchain ecosystem, etc.

My question is: What kind/method of storage is best suited for each activity?

Different ways of asking the same question:
What is a paper wallet best suited for? Or;
When is it good to use a browser-based wallet? Or;
What is the advantage of a mobile wallet?

Thanks!

Paper wallet:

Long term storage. Not very straightforward to take coins from, which is perfect for its role.

Browser-based wallet:

Portability, I guess? Can be accessed by any device with an internet connection.

Mobile wallet

Portability and suitability for point of sale transactions.

All-in-all, you only really need one cold wallet (hardware or paper -- you may want to split your funds into multiple cold wallets though) to store your funds and one hot wallet (preferably mobile/desktop) that you can easily spend from. I'd stay away from online wallets in general.