“You should have one card and one device in the home and the rest of the three cards away from the home,” Agarwal said. “So that, God forbid, [if] your house burns down, your funds are still recoverable from the remaining two or three cards that you might have given to someone else, or stored in a bank locker.”
Nice. This is so similar to what I am doing to secure my crypto assets in case my place is burned down and I loose all of my laptop’s/phones at the same time.
I use gnosis safe which offers multi-sig. I made it such a way, that I need at least laptop+phone at the same time to make a transaction. (So I’m safe of single point of failure software hacks in that sense.) And I have two additional keys in gnosis to secure against loosing laptop+phone at the same time.
The only difference is that my seed phrases are on normal paper instead of some hardware device. It was much cheaper – and probably also easier to recover.
I don’t think that everyday burglars (if they get to my place) would even know how to drain the gnosis wallet lol