If you're planning to
BTCitcoins long term here's some advice from various cybersecurity experts,
Keeping bitcoins in a secure place has proven to be difficult, says John Black, vice president of education at SecureSet, a Denver-based immersive, accelerated cybersecurity academy. Investors holding accounts at an exchange, including mobile app wallets like Mycelium, are vulnerable because all of their assets could be stolen.
"Just as you would never walk out of your home with a lot of cash in your wallet, you should not hold a lot of bitcoins in a wallet on your phone," he says. "Instead, you should use 'cold storage,' which is a way of storing your bitcoins offline so they are not subject to online hacking."
Investors holding a substantial amount of bitcoins should always use a wallet or exchange that uses cold storage. ( From Ellen Chang's article
link here )
This is why I always recommend to use "cold storage".
For the highest level of security, hard wallets like Ledger Nano and Trezor work best. But they cost you money. If you would like to go for a free option, there are some really good soft wallets available. What has really bothered me about crypto wallets is their inability to tackle security issues like theft. I was recently exploring some options and I came across this wallet app. It has this
Anti-theft Wipe feature that allows users to erase wallet data remotely from a stolen device. Also, it supports built-in multiple currency swap. It is called
PINT. You can check it out on Google Play:
https://play.google.com/store/apps/details?id=com.pint.app
