Quote from: Deenaxyz on July 20, 2024, 07:04:35 PM

Have read several interesting articles on the internet regarding wallets for storing Bitcoin, they mentioned that there are several types of Bitcoin storage, they're hot & cold wallets. Now I only use Trustwallet to store Bitcoin I have. Am I in the right type of wallet to store my Bitcoin?

Honestly, after reading the article I was confused af, need some good input & insight from experts here.

Why should you use a Trust wallet when a wallet similar to the Trust wallet that supports more coins such as the Unstoppable wallet is better to use.
Unstoppable wallet open source. The features are many. No matter how good a wallet like unstoppable is, it is categorized as a less secure wallet because it still has access to the internet.

Wallets that are connected to the internet are called hot wallets and there is no guarantee that assets will be safe, let alone errors in the initial installation process. Cold wallets are safer because they are not connected to the internet. Wallets that do not have access to the internet are more secure against attacks, such as hardware wallets, thus providing a sense of security for users from online crime.

Hopefully you can find the answer to which wallet is better to use as asset storage.