We recommend using a physical hardware wallet if you own over $1000 of bitcoin.
Pros
- Security: Hardware wallets, also referred to as cold storage, have been designed to protect your private keys from malware, virus and phishing. They are the most secure way to store your bitcoins.
- Portability: It can be connected to any Windows, Linux or Mac machine as an external device. You can use it anywhere in the world with any machine.
- Extensibility: It is compatible with different wallets such as MultiBit HD, Mycelium amongst many others.
Cons
- Price: These comes at a cost, however we recommend treating them as a necessity if you're holding larger amounts of bitcoin.
Recommendations
We recommend the Ledger Nano S or Trezor, which are renowned for their security and ease of use.