I've not used Exodus, but if it's on your phone, it's not cold. If you want a budget friendly solution, you can't beat free - sparrow and paper.
There are downsides to every setup, and the basic idea is to match the level of protection with the risk. Spending 300,000 sats on a nice Coldcard Q1 is perhaps excessive to protect 15,000 sats, but is cheap to protect 150M sats.
I keep an amount of sats in a phone wallet (kinda - I use zeus which connects to my self-custody node, but it's fully accessible on my phone), for ease of spending. But I also know that if my phone were to be stolen, those sats might be at some risk of loss.
I've not used Exodus, but if it's on your phone, it's not cold. If you want a budget friendly solution, you can't beat free - sparrow and paper.
There are downsides to every setup, and the basic idea is to match the level of protection with the risk. Spending 300,000 sats on a nice Coldcard Q1 is perhaps excessive to protect 15,000 sats, but is cheap to protect 150M sats.
I keep an amount of sats in a phone wallet (kinda - I use zeus which connects to my self-custody node, but it's fully accessible on my phone), for ease of spending. But I also know that if my phone were to be stolen, those sats might be at some risk of loss.