Every day it seems a new story emerges about an exchange going bankrupt. Has been a recurring pattern since the Mt. Gox collapse. Why, with so many examples of failures, do people continue to keep their money on these? You don't own crypto if you have "coins" on an exchange, you have an IOU from a business that may or may not even be solvent.
Its been said for thousands or million times for sure that leaving coins on an exchange is never been safe but surprisingly which there are people whom do really leave out their funds on an exchange.
Some do even make it as their main wallet without even thinking up about the risks specially on these hacking incidents or other exchange issues that could possibly happen.There's no such thing about
100% safe when it comes to custodial platforms or things which we know that there's no way on recovering your funds once they do experience some problems.
I know its hassle to make out active deposit and withdrawals on exchanges but as able as you could then it would be always that recommendable.