Is a cold storage wallet the place to keep my coins at?

I got a bit nervous. I want to keep my coins. I don't want to lose my crypto to Coinbase going bankrupt. Is the best option placing my crypto coins in a cold storage wallet? Thank you in advance?

Found this one what's your opinion on this one?

https://www.bestbuy.com/site/ledger-nano-s-crypto-hardware-wallet/6298661.p?skuId=6298661&ref=212&loc=1&extStoreId=1217&ref=212&loc=1&gclid=CjwKCAjww8mWBhABEiwAl6-2RVUtlQ7YbzYwUcvNM2XKLIk8ewGUodng-eHaB5EStq1yVMO6RiM78hoCUKIQAvD_BwE&gclsrc=aw.ds