Despite the fact that many consider stacking unacceptable, since you have to trust your coins to a third party and lose control over them, I still use ETH for staking, which I expect to sell when the price reaches 5-6 thousand dollars. The main thing to do is to choose an exchange that you can trust with your savings. For me, Binance is such an exchange at the moment.
Anything could happen to Binance too, just like things went south for FTX which at one point was the second-largest exchange in terms of trading volume. You don't want to be in a situation where the exchange declares some sort of bankruptcy. I know people who lost money with platforms like Celsius network that they trust so much.
In terms of less risk. I think just buying ETH and keeping in a noncustodial wallet beats this, or stake in a noncustodial wallet if you can.