Becouse If something happens they always refund losses.
Binance have done this many times and i know there someone to watch over my wealth.
Private wallets they can be hacked but nobody dont refund.
We live of generation of refund, in crypto main thing Are refund what i did learn about.
This is completely wrong. Binance is currently refunding their customers after any incident, as long as they have the amount of funds they were able to refund. But if they face a massive any incident that puts them in such situation then they will have no words except to say "Sorry" to their customers. Then the trader will be stuck there. So be careful and don't trust any exchange blindly, the mighty today can also be the loser tomorrow.
People do business in exchangers we stake we trade we use leverage it's like NASA or hospital you cant just close it.
That's why big guys are close to exchangers binance is backed up wall Street.
If something happens then who gona belive in crypto anymore ??
If they close it they get coins and USDT but those are worthless without people who's using it.
It's a whole big crypto economy USDT USDC busd and btc and other crypto you cant just close it it went too far.
So it's like electricity or water system.
After believing all these backup stories, think about how correct it is to think of the exchange as a bank. Exchanges are the worst place to hold funds, any exchange is safe until the black chapter of that exchange comes out. Any experienced trader, investor tries their best to keep their funds safe. I can't keep my funds anywhere on someone's word, anything can happen at any time and they can refuse to return my funds.
So be careful not only binance but any exchange. I have no confidence in your words, I think all this is not so easy as you think. So give priority to caution rather than influencing people in the wrong direction.