If you set up a lightning node, then you can use Zeus and probably some others with your node. So it’s a hot wallet, but not custodial and pretty safe. Lightning wallets should be like physical wallets- just carry some cash, not your life savings.
Discussion
So what would you suggest to someone living in a developing country who can’t afford $50-$100 worth of hardware to keep their keys offline? We need to make it possible for people without means to hodl safety.
I would ship our friend a free hardware wallet as a donation but unfortunately I am unable to pre-pay customs. He would have to pay those when it arrives in his country before they deliver to his address.
The hardware part is where it might be tricky but this is where I think solutions like Blockstream Jade shine. So if you can’t afford the HW wallet, you can create the wallet and still hold their keys without needing a device beyond your phone.
Digital entry point is often the most feasible to start even in places where people can easily afford a HW device. Additionally I’d expect cost of HW key generation & signing devices to fall as bitcoin adoption scales.
Can't signing be done just using mobile phones?
Would definitely be helpful to have some seed-signer type options. Cheaper device that can do nfc and/or read & display qr codes. And requires a physical button press to confirm spends.