It seems to me that it would be safer (and more convenient) to keep your crypto on an exchange (coinbase, blockfi etc) than cold wallet. Wouldn't the odds be greater that you mess up your cold storage than a large exchange being hacked or whatever (even if they are hacked, that wouldn't necessarily mean you would lose any coins, whereas if you are hacked that's a different story). I ordered a ledger nano X but it seems that the exchanges are still the way to go based on probabilities. What are your thoughts?
It seems you don't have much holding, the lower the holdings, the less important the security. I have been holding a few bitcoins in my old wallet for years, I wouldn't be foolish enough to keep such a valuable asset on the exchange.
You may have heard the name of Bilaxy Exchange, I had some usdt on this exchange, now I can't withdraw it, they have turned off the withdrawal option. So how can you rely on the exchange?