Quote from: krusepig on November 12, 2021, 12:20:34 PM

I ordered a ledger nano X

Quote from: krusepig on November 12, 2021, 05:34:54 PM

and I look forward to experimenting with the ledger nano X.

You should've done more research, prior to purchasing a hardware wallet from a questionable company: Ledger Nano X Battery Pandemic

Quote from: krusepig on November 12, 2021, 05:34:54 PM

In addition if there is a security breach, it seems like there would be a better chance of you coming out whole if your funds were on an exchange.

Looks can be deceiving ^{[unfortunately]}!

Quote from: krusepig on November 12, 2021, 05:55:32 PM

Perhaps in the future when crypto is more mainstream, crypto assets will be insured and backed by the banks and that will make cold wallets obsolete, or maybe I have no idea what I'm talking about.

That would never happen! You might want to refer to some of the risks other users described earlier ^{[e.g. freeze and etc...]} + most users, prefer to be a "crypto owner", as opposed to being just a "crypto user" ^{[the former requires you to have "full control" over your funds]}!