Bitcoin is the oldest and the largest cryptocurrency, which also makes it the safest to hold in a lot of people’s eyes. It certainly presents a massive earning opportunity, provided that you buy it at the right time, and hold it for long enough in order to sell it at the right time.
However, it can sometimes take years between buying it at its bottom and selling it once it reaches the top, and if that is the case, then you need to make sure that it will be safe for the period in between those two points. In other words, you will have to hold it, and the matter of where you hold it can make all the difference.
As an asset with no physical form, Bitcoin is held in a crypto wallet. That much everyone knows, even the newest arrivals to the crypto industry. However, what you may not have known is that not all wallets are equally safe for storing crypto, especially if you intend to store it long-term.
With that said, you might be wondering what is the best Bitcoin wallet in India? Because, if you have to store crypto, might as well go for the best wallet right away.
The fact is that no one can select one specific wallet and call it the best. Different wallet types are good for different kinds of things. For example, if you use online wallets, also known as hot wallets — they are great for quickly moving money in and out of exchanges. However, being always on the internet, they are not very safe, as hackers can try to break into them at any time.
Cold wallets, or cold storages, on the other hand, are a much safer, if less convenient, alternative. They are perfect for long-term storing of your Bitcoin because they do not have a connection to the internet, except for when you plug them into your PC. As such, they are safe from online criminals, and you can simply lock them up and keep them safe from every bad actor out there.