crypto exchanges are even worse though
Why it is a worse? Kindly I would suggest you explain the things here that people can get easily. So first of all I will tell you that. Crypto exchanges are why hard and worse for people just because high fees on that. But bitcoin is improving that side that's why they are working on SegWit2x services that they will provide you fast transaction and less fees.
Crypto exchanges are worse because:
They get hacked.
They get "hacked" by their owners.
They evaporate with all your funds.
You have no guarantee for your deposits by a third party.
They change fees that rival banks.
They manipulate and halt trading when they desire.
I personally don't like conventional banking system, they exploit us very much but what you said is true. Crypto exchanges are even worse than conventional banks. Our assets are all under danger.