[pedalpete]

I assume you're familiar with ledger stax? I have a pack of tangem cards, but haven't used them.

The thing is, don't most reasonable exchanges offer the things you are asking for? I don't find exchanges any worse than using an online trading account (which it is more than a bank). In fact, I think exchanges are usually providing better security than banks/trading platforms I've seen.

Are most people going to have so much crypto that it makes sense to store it themselves rather than have an exchange do it?

[blackbeam]

People lost their assets on FTX, I personally lost some assets on OKCoin.

[pedalpete]

Yes, and people losing their savings when their banks went under used to be a thing as well.

That doesn't mean it isn't the most likely place for most people to hold their savings.

With any cold storage, you have to consider where you are going to keep the cold storage device. Are you going to run your own bank/vault (which was the original intent of crypto), or are you going to find a trusted party wit the correct protocols in place which will manage that for you?

For the people who have billions in crypto, the cost of managing their crypto probably makes sense. But at what point do you trust a 3rd party who's sole purpose is managing crypto?

I'm sure there is a world where the best way to store crypto is with a distributed service, rather than a wallet.

And note, I am considering the OP to be referring to a hardware wallet. Maybe that's wrong.

[blackbeam]

I'm the OP, and I'm not referring to any specific wallets of any kinds.

"I'm sure there is a world where the best way to store crypto is with a distributed service, rather than a wallet."

I think you've nailed it.

The best place to manage your private key / seed phrase could be the blockchain itself, as it is decentralized, distributed and open.