That is a great insightful post.
What I wonder is:
What is your best-proposed solution to store large amounts of crypto? Crypto that is to be stored, and rarely needed for something (ie not for trading, spending and whatnot).
What is your best-proposed solution to store larger amounts of crypto that is more practical when using more often, for eg trading, spending and whatnot?
And what about smaller amounts of crypto? Like 1k to 5k$?
I still use hardware wallets all the time.
They are still good enough for now.
The bulk of my Hive sits behind a timelock as HP.
Which is then enforced by account recovery even if my keys get stolen.
That's a pretty good long-term solution and doesn't even require hardware.
Although a hardware wallet could still be used in addition to that security.
Small amounts of crypto can be stored on your phone or even an exchange.
The easiest way to leverage trade is still via centralized exchange.
am not a user of a hardware wallet, but thinking of getting one.
that said...
the other thought I have is to use my employer's laptop, controlled and all by the IT systems in place, as the one holding a new seed phrase wallet for holding my larger funds, a wallet only to be used to tx funds to/from my everyday wallet(s). still something can go wrong on that laptop, but never use this one for crypto stuff, therefore highly unlikely that this laptop is targeted by a keyboard or copy/paste software by crypto stealers. and when they do, its likely detected by the IT filters applied to that solution. and if when its comes in undetected, it is highly unlikely I click a malicious link. Instead of that laptop, I could also use one of my older smartphones I don't use anymore, but I think I prefer my employer's laptop.
regarding hive key recovery. am thinking of something similar. use my employers laptop to create a recovery account I myself control, instead of keeping this in the hands of a 'trusted' third party.
whats your opinion on my ideas? bin material? mucho better to go for a hardware wallet?
true that CEX is better for trading than DEX. through pancakerouter hack, connected to a trusted DEX frontend, a nice amount of funds from my wallet got stolen last november.