Every investment carries its own risks. It seems to me that while your plan might be less profitable, it isn necessarily less risky. The core issue is that when you hold assets on a centralized platform like Binance, you arent truly in control of your funds. The company holds the keys, and they have the power to freeze your account or assets for a variety of reasons.
Nice to see you here, are you from India or have connections there? Dont forget to introduce yourself in case you want to share with the rest of us.
Indeed Binance is centralized, I dont like to store coins on exchanges because of the attack vector of exchanges getting hacked. Their interest might seem lucrative but better to keep it in banks under FD, that is somewhat higher in control.
But you can always put some part ~10% if your assets in such risky investments.