Yes, it could happen to binance.
While the ledger nano S is a device made by a company, what it does is storing your private keys. The company that creates the ledger nano S do not have access to your private keys, therefore not to your funds. They cannot run away with it.
Still, some of the hardware wallets have had problems and bugs. Be careful to what extense you use it (maybe not suited to create complex multi-sign wallets). But if you take a little effort into setting up a good hardware wallet is one of the most secure ways to store your crypto.
When the amounts are not too essential, you can use delightful wallets like Exodus.
If you have a good amount of crypto and even use it sometimes. I would recommend a combination of those (a part on the exodus, the bigger part on the nano wallet).
For me, I like good ol' paper wallets :D
Thanks! I have my ledger and I will use it for that purpose. I have an old laptop I might use for all crypto transactions, someone suggested that to me once, however, now thinking about it my new laptop is more secure
I think as long as you handle different sums of money quite appropriate you are on a good path.
Being aware of the possibilities and security levels of your funds and acting accordingly is sufficient for handling your crypto.
Yes, very well said, thank you.
For me, I kind of feel that crypto is never really 100% safe... I mean, China could completely shut down bitcoin at an instant if they wanted to? Also, as it is all digital, it is more likely to be able to be hacked or accessed - then again, all of our banks are all digital now so that is just as easily accessed! In fact, my bank did get hacked about 3 months ago