Yes there are trade-offs, but what you tell me is just convenience, bro.
I will stop using "Bitcoin maxi" from now on and call people like you "convenience bros".
Discussion
Life has to be convenient enough to be worth living in my opinion my friend. It all comes down to your threat model. If it is so severe, then, first i hope you are fine, second you can count on me. For normal people (not messing up with state power but with taxes) the tradeoff is between convenience and freedom. And that is an open question.