Quote from: Coyster on Today at 01:26:52 PM

I know that. But if it is a really huge amount, i still wouldn't advise anyone to hodl it in a hot wallet, even if it is for a short time, let alone on an exchange. "Huge amount" is relative, but anything greater than $10k on a hot wallet even for a short time is too risky IMO. It would make more sense to even set up an airgapped wallet, that is if OP has an old device and the knowledge to do it, and use it for the meantime, until his hardware wallet arrives. Maybe i am just too paranoid, but that's my advice.

If you have millions of dollars and $10,000 is a small fund with you, store it in a hot wallet like quite ok. Risk is the same but you are more affordable to lose that $10,000 with a hot wallet and you can use this method, no big issue.

With the others who have smaller fund, $10,000 can be whole money they have so it's super dangerous to store it in a single hot wallet. It makes sense to store it in different wallets, and if possible cold wallets.

Hot wallets are more helpful with your small fund that you can bring around and spend something more regularly.

In general, hot or cold wallets, make wallet backups, test backups, and always have good backups for recovery.
How to back up a seed phrase ?