Everything is always risky; you cannot be sure whether holding your assets on current major exchanges like Binance or Coinbase is safe or not. But because they are current exchanges and have had a fairly long history compared to the history of cryptocurrency, they are preferred by everyone. In addition, the rewards or bonus programs are also what attract many users to it. It is true that many things are attractive, but looking at the past, when a certain exchange encountered FUD, the problem of massive users withdrawing money from the exchange was quite painful. In addition, there may be delays in payments, user accounts may be banned, and assets may be lost. I have come across such cases with Binance assets. So while it may be good, don't put all your money on the exchange.
Only use such Exchanges for buying and selling. and when finished in trading. then it will be better for us to withdraw our assets back to our private Wallet. And it's much safer to do.
I have a very satisfied experience with an exchange like Binance. everything always runs smoothly. but still won't entrust my assets to be stored there. i only believe in trading and nothing more.
because no matter how good the reputation of a stock exchange is, it is still not safe from the risk of bankruptcy. or from a hacker attack or something like that. Those earlier in this forum know how shocked they were when MT.Gox suddenly crashed. although I didn't experience it. But I took a lesson from the history.