Is Ledger Nano X the best crypto wallet (in terms of most secure and easy use for many coins)? I find that the seed phrase generated is potentially very troubling for two reasons: (1) If other people spot the seed phrase, they can take away all the coins. How do you keep the seed phrase long term? (2) I read that "generally a seed phrase only works with the same wallet software that created it". What if that software - Ledger Live is no longer available or workable in the future? Thanks for any relevant info.
People are paying very high premium buying bitcoin and ether in Grayscale's Fund - GBT and Ethe. I guess an important reason is that it is too difficult or too much trouble to keep and manage private keys themselves.
It's not hard to keep your crypto funds safe at all. I don't know why would anyone pay someone else to keep their crypto when you can have it stored in a free paper wallet. And I think that paper wallet (if generated and used correctly) is more secure than any other wallet. It's not a convenient way to keep crypto if you are making a lot of transactions but if you just keep it stored then paper wallet is great choice.
As for the seed phrase, no one will see your seed phrase if you generate it in private. You don't have to use it anymore except if you lose or broke your hardware wallet and have to get a new one. Then you will use your seed phrase to initialize your new hardware device with an old wallet.