Yeah youre right! no CEX is flawless Binance, OKX, Bitget, Bybit, Kucoin and many more theyve all had downtime before. Thats why I always keep accounts on a only limited cex, it’s just smart risk management and same way you diversify assets. Relying on one exchange is not good. But its always better to keep the funds or asset on a non custodial wallet for maximum protection.
Non custodian wallets has always been best to hold funds that's not protected to execute projects in the short time if truly want to stay psychologically healthy and safe wise with our funds secured in the long with the amounted attempts of scammers invasions on the centralized exchange.
And while exchange may offer these trading features services, traders should always consider the platforms reputations taking users conveniences a prior. I've only used few few exchanges as Binance, Bybit and Bitget for my trades and I'm much comfortable with them because they usually send alert messages whenever they want to do technical or system services in their platform. That'll help users to migrate to other convenient platforms to do their trading tasks with an early inform so that users doesn't get trapped.
Non-custodial wallets give complete control over funds and limit exposure to risks common with centralized exchanges frequent hacks scams and sudden restrictions make them a strong choice for long-term security.
Choosing reputable exchanges is crucial even when convenience and trading tools are available platforms that provide clear communication about technical updates and maintenance like binance bybit and bitget enable users to move funds or adjust positions in time reducing the chance of being caught off guard. Using secure wallets alongside trusted exchanges creates a balance between accessibility and safety it promotes informed decision making while protecting funds and reducing stress and potential losses.
Non-custodial wallets also support responsible fund management and minimize dependence on third parties this approach shields against unexpected platform shutdowns account freezes or regulatory changes that may impact centralized exchanges keeping track of exchange announcements and system updates ensures users can respond quickly, overall a system that combines long-term storage in non-custodial wallets with selective trading on reliable exchanges strengthens both security and flexibility it allows engagement in trading opportunities while preserving financial safety and peace of mind.