This has been on my mind for a bit, and I wanted to get an open opinion/advice.

I was thinking of buying a ledger wallet to hold my crypto, I love them so much. I think it’s so cool that this little device that looks like a pregnancy test can hold my assets.

Now I have a few concerns I would like to share:

QUESTION 1: What if it gets stolen

Say a robber comes to my house, and takes it. Are my assets lost? Can I somehow retrieve it? Even worse, if my mom thought it was some trash and threw it out.

Are my funds lost? Is there a way to retrieve it? That’s my first question, what’s the recovery like?

QUESTION 2: Staking and defi

I hold atom, I love my atom. I stake my atom, but can I stake my coins with using a ledger? If so is it like a normal staking or is it a pain to stake?

And can I lend out my crypto to fellow crypto bros?

QUESTION 3: A second way to access funds

If an earthquake happens and a piano comes out of the sky and crushes it, are my funds gone?

This is a worry, I live in Queensland with, really, really heavy rain sometimes. And my worry is it won’t survive if where I put it, water comes from the ceiling falls into it and it breaks due to being wet.

QUESTION 4: I don’t own the house, I’m renting. What if I forget it?

Say for some reason when the lease is up I forget to bring it. Similar to my other question, is there a way to like buy another ledger and log in? Is that a thing? Kind of like iCloud. If you have the password you have access, is that a thing?

QUESTION 5: I don’t trust anyone

Do I need to trust ledger? Say a meanie beanie took over the company, are they able to steal my assets?

QUESTION 6: Are wallet drainers a thing?

An airdrop says I get free crypto, nice can they digitally steal my assets?

QUESTION 7: Any models more secure than others?

The title of this question kind of asks it, any models make it more likely to get ‘hacked’

CONCLUSION: Thank you in advance

Looking forward to the answers and opinions on models to get, thanks a lot!