1. What are a few good Crypto exchanges?
The right place for this is on the
exchange child board.
Exchange board does not have a child board, it is a child board to service discussion. I mean exchange board is a child board of service discussion board.
Ledger Nano wallets which are completely close source has made some people think hardware wallet should not fall under cold storage anymore because of how people using the hardware wallet can send their seed phrases to third party companies for backup.
Not just that, they have the recover feature, which made it even uglier. Newbies of the market might just go with that feature, allowing Ledger itself to recover it for the customer who has lost their secret recovery phrases, which shouldn't be known to them. But because they're closed source, they have this feature and newbies who owns a ledger or opting for it, please don't pay for a subscription and don't use it. Better to opt for other hardware wallets.
It is still the same thing. The third party companies where the seed phrase are sent to are for the backups and which is very bad. The wallet is not a cold wallet at all.