A serious question pops up for those of us who have already become cryptocurrency adopters – how to exchange one coin to another rapidly, conveniently, and, most importantly, securely? Cryptocurrency exchange safety is something that gets questioned quite often. When it comes to large custodial platforms, hacks occur, the funds can be managed without the owner’s permission, the service can, after all, just close down and take the user’s funds down with it.
https://swapzone.io/learn/safest-crypto-exchange/No exchange is safer than your personal wallet, your private key or mnemonic phrase can only be access by you alone. When it comes to third party ( centralized exchanges in this case), anything can happen. They are prone to bug, hence Hackers can extort money from them. The secured centralized exchange I can put my funds is Binance since Funds are Safe because of Insurance that backed user safety, though they were once hacked and users fund were move out of the exchange, they refunded everyone couple days later and that's why I prefer Binance exchange.
Kucoin was also Hacked last month due to security bridge by an insider worker, these are the problems we encountered saving funds on exchanges which is highly riskier than your personal wallet. Please, don't leave your money on any exchange care.