Choosing the best bitcoin wallet is the most important step. I've heard of cold wallet or hot wallet. How do you choose yours?
If you're into crypto, keeping your funds safe is very important. Choosing the right wallets is key, especially if you plan to hold onto your coins for a long time. There are different types of wallets to consider based on your needs and preferences.
For those aiming to store their coins securely for an extended period, cold wallets (hardware wallets) are recommended. They offer enhanced safety by keeping your coins offline, away from the internet. If you're using hot wallets because hardware wallets are costly, opt for reputable ones like Electrum or Blue Wallet. While most hot wallets, including Electrum, are generally safe, it's essential to prioritize security and always download from the right source ie, their official website.
Avoid relying on centralized platforms to store your funds unless you're a trader or a business owner who needs frequent access to funds. Centralized platforms pose higher risks.