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 a Non-custodial wallet but it is not a reliable wallet for big amount of bitcoin. Electrum wallet is a widely used Bitcoin wallet which is known as a trusted and very strong wallet so far. so if you want to hold a large amount of Bitcoins, you can choose Electrum. Because big whale holders use electrum wallet as software wallet. or you can also go for hardware wallets. But whatever wallet you use, always keep your wallet key safe. Because if you don't have private key you can't access your bitcoin wallet. or if someone else gets your private key, they can transfer your bitcoins that cannot be recovered by any way.