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.
Trust wallet is good but not completely reliable, it is only safe if your device is safe, once someone get access to your phone or laptop, your wallet can get hacked; it is a closed source hot wallet.
There are better wallets to be used than Trust wallet; Electrum wallet is very good for holding Bitcoin than Trust wallet since in trust wallet you can hold altcoin that are literally not completely safe because even the team can be strange at times; therefore, for easy access, use Electrum or Bluewallet to hold your bitcoin, but if you can afford offline wallets they are perfectly good because any wallet online is prompt to hack.