While I've been a loyal TrustWallet user, recent events have prompted me to diversify my crypto storage. I'm trying out SafePal on iOS for additional security. Hardware wallets have also piqued my interest, and I plan to research and invest in one soon using some of my uptrend gains. There's no denying the convenience of mobile crypto wallets, but it's a trade-off for the enhanced security hardware wallets offer.
I would like to know your views on crypto wallets:
- Are you using TrustWallet? Will you continue to trust TrustWallet?
- Are you using other crypto wallet apps?
- Is a hardware wallet really necessary for your crypto investment?
1- I used the Trust wallet for some small transactions in the past and I couldn't trust it because I generally don't trust any closed source wallet. The wallet is owned by Binance and no one knows what powers Binance can give itself.
2- Of course, I use other open source wallets whose reliability is proven. It is true that not all of my currencies are in one multi-currency wallet, but I feel more secure and more private.
3- This is the most important question because its answer replaces the first two questions. There is nothing better than a hardware wallet for crypto users, especially investors, and for cold storage. It is good that Hardware wallets are multi-currency and support more than one network, so all currencies can be saved on them. It is the most secure wallet and easy to use.