Will my Bitcoin or Crypto still go up in value if I hold using a wallet?
Yes. Your bitcoin or crypto will still go up(or down) in value regardless if you use a cryptocurrency exchange(Binance, Coinbase, Kucoin, CashApp, etc), a software wallet(Coinbase Wallet, Trust Wallet, MetaMask, Electrum, etc), or a cold/hardware wallet(Ledger, Trezor, SafePal etc).
For example: if you hold 1 BTC, your BTC won’t go up from 1 BTC to 1.2 BTC if the price goes up; it will stay at 1 BTC, just with a higher exchange rate to the USD or your local currency.
Just like how a 100g gold bar will still remain to be a 100g gold bar if the price ends up increasing; just that you can sell the 100g gold bar for a higher price.
What bitcoin or crypto wallet should I use?
If you want to hold your bitcoin/crypto for the long term in a very safe and secure manner, use a hardware wallet. That way, your valuable crypto investments will be safe from hackers.
If you want to use a software wallet like Trust Wallet or an exchange like Binance, make sure you’re only holding a small amount of crypto on these platforms — just to be safe.
If you want to take a deeper dive into cryptocurrency wallets and their pros and cons, check out ChainSec’s in-depth article here.
