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?
I was not in favor of exchanges (like binance) and very much supporter of slogan "
not your keys, not your coins", until my electrum wallet was hacked and I lost all of my BTCs. The irony is that I cant do anything to recover them. From then onward all my assets are on exchanges and I withdraw whatever is required to my wallets.