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.
Cold storage is the safest wallet. Because they are decentralized. Full control is in your hands. Online theft is less likely. If the wallet is damaged, the recovery seed can recover it. If you want to work, you can work by connecting to the computer. Now the topic is recovery word so you can keep it safe in the cloud. wallel means it must be kept in safe. The other thing is that you have to buy them