1-of-2 mutlisig with an institution is as almost as dumb as keeping your btc on an exchange
Most multisig companies I have seen offer 2-of-3 but then again you need a trusted partner for it
Discussion
But not as dumb, because at least it is in cold storage and you can see it on-chain.
Sure, although their setup from the multisig can get hacked into. They don’t give insurance on deposits so it’s kind of similar to an exchange.
One positive is that they will not be able to loan out your btc without you knowing and even if the company goes down you can withdraw