I generally don't store in personal wallet. Instead use exchanges to earn huge apy. You can also store lockup procedure if u are willing to lock for many days.
That's one advantage of using it if you're wanting to earn some interest through exchanges. But to say that you don't use a personal wallet for storing your crypto, I think you have to rethink it.
Just remember that there were exchanges that have been in the past and not all of them were able to fully refund or at least give a little portion from the principal amount that they've deposited. Remember that "not your keys, not your coins".