Post
Topic
Board Beginners & Help
Merits 2 from 1 user
Re: What is the best wallet for storing Bitcoin?
by
hosseinimr93
on 20/07/2024, 19:49:06 UTC
⭐ Merited by OmegaStarScream (2)
As any online device is always prone to hacking, it's recommended to go for a cold storage, especially if you hold big amount of fund.
And if you want to use a hot wallet for any reason, you should avoid any close-source wallet like trustwallet. There is no way to know how the keys are generated on trustwallet and whether they are stored in their server or not.


Trustwallet is a hot wallet, it's only as safe as your devices are.
Considering that trustwallet is close-source, it's may not be as safe as your device. It's possible that there's a vulnerability in trustwallet that cause people to lose their fund while their device is safe and not infected with any malware.