It seems most bitcoiners prefer cold hardware wallets over online platforms but why is that? Considering platforms like coinbase are FDIC insured and have the best security in the business, it seems much riskier to try to secure my bitcoins on my own. I feel my house burning down or some other accident destroying my wallet is much more likely than losing it on Coinbase. And if there is a breach in coinbase, I get it back... so what am I missing?? While I’m not new to owning bitcoin, I am new to learning about it. So I apologize if this is an annoying newb question.
If you are so afraid of your house burning down,why don't you just put your cold wallet in safe deposit box in a bank.
If you are still afraid,just buy an insurance policy for your BTC from an insurance company(even though I don't think that they provide such insurance products right now,they might start going this in the future).
In conclusion,there's no 100% safety for your Bitcoins anywhere,but it's still why better to keep your coins and your private keys,instead of relying on the mercy of some big corporation.