Selecting the best wallet is a major concern for any crypto trader. A wallet is what makes sure your money stays secure and you can easily carry out the transaction. An extremely important factor in crypto trading is a decent wallet. As bitcoin is the biggest and most famous cryptocurrency, hundreds of wallets are available.

If you're only using the wallet to hold bitcoins or HODLing for longer term investment, then that's a cold wallet. Cold wallets are kept off line in a safe place where no one can access them and are therefore safer than hot online wallets.

Using a paper wallet is the simple option, allowing you to print a wallet and key that can be stored in a safe or secure deposit box. When you ultimately want to spend, you can read the key into many different hot wallets.