I'm setting up a multisig wallet on safe.global (formerly Gnosis) to store my Ethereum long term. At the moment I'm thinking of setting it up as 2 of 3 signers: one hot wallet (generated with gnosis's own app) with two hardware keys. But it got me to wondering just how secure I would consider a seed phrase generated on my phone is.
This obviously comes down to opinion, but:
- Would you consider 3 hardware keys to be worth the hassle to secure all your holdings on a multsig wallet; or,
- Do you believe a hot wallet generated by the Safe App to be reasonably safe enough not to worry about it?
Interested in opinions here. Appreciate any insight.
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