Do you even know the difference between Centralized wallets and Dec wallets? Days back I lost my coinbase account and the team aren't helping, I'm glad I only have little Bitcoin on the account, would have been a different story if I use coinomi or atomic wallet because they give users 💯 control over their funds, private keys and recovery seed are important, always remember that
Well I have used Luno for a very long time and so far I haven't had any issues so far with them, though I don't normally leave huge amount of token in it and also Coinbase have been on and off with it and still no issue, probably luck has been on my side
And OP haven't said that if you're using one - your funds will be scammed in X months.
It just means that you're not the only one in control of your own crypto savings, which sounds really bizarre on its own.
Scary thing is you never know when exactly one service will be hacked and so you can't withdraw anything before bad thing will happen.
So thats why most of us here encourage more people abandon centralized crypto wallets and switch to dec ones