Just be careful not to use it as long term storage.
Why is that?
I'm a little bit surprised this was even asked, but it's a good question.
Well, it is because it is not safe.
I'll expound on why it's not safe.
We have an old adage
Not Your Keys, Not Your Bags. It means that the money on the exchange is not completely yours until you withdraw it in your non-custodial wallet (a wallet where only you control the seed phrase/private key). If your assets are in centralized exchanges like Binance and Kucoin, you are also exposing your money to hacks. We know these exchanges improved their security and are probably big enough to cover potential losses of customer funds but you never really know. Aside from that, your account and personal information is also at risk because regulators could force them to turn it over.