it for the extra security. Add a customized, ubuntu.04 LiveCD? What happens if the hardware wallet company goes out of business? Coinbase is a good place to buy bitcoins and learn how it works, but not a good solution for long term storage. You can have a wallet, which stores your coins.
Again, what is more convenient for you litecoin to the moon is more convenient for a malicious actor as well. If you download a desktop wallet on an internet-connected computer, it is hot storage. All 2FA does is require a second means of confirmation that you are who you say you are when logging into accounts. Like the other backups, be sure to write it down and store it in a safe place. The only real downside for prospective users is that for all intents it is currently restricted to Bitcoin. Block halving Amount of blocks found before halving of block reward. Phishing Attacks If you have crypto then you are an ideal target for phishing scams.