Welcome to our COINiD article series! For some weeks we will post informative pieces on the features in our wallet including our personal thoughts on crypto storage and the ideas behind the development of the app. For some features you will also find some brief guides on installment and usage. If you have any further questions, do not hesitate to contact us!

In this first piece, we will discuss our most prominent feature; our cold storage solution. When developing our COINiD Wallet, we knew that we wanted one of our outstanding features to be that of cold storage. A mobile hot wallet is very convenient since you always have access to your funds, but with a lot of coins and with no third party as security, you might not want large amounts of funds exposed to an online environment. That all we knew, so what were the existing opportunities for cold storage in mobile wallets?

For many successful mobile wallets that were on the market, the most common option for cold storage was their own specialized hardware wallets. However, these are generally rather pricey, and you should be prepared to pay from 50 up to a couple of hundred dollars for the hardware needed.