I don’t agree as for me it would be safer if you keep your huge funds in cold wallet or in Nano X. As you have full control of your crpyto assets. As what most people usually say, “Not your keys, not your coins.”

Because in Centralized exchange like Binance and any other alike, it is prone to hack. And once it was hacked, it was gone forever. I don’t think it will be returned once it was hacked.