If you still have funds to buy, we should wait for market movements, because we know the current price is too high so it is very risky to buy. If the market crashes, we will lose. Moreover, there is war news, we have to be careful when buying at this time
It's true, buying coins when the price is high like this does involve quite a high risk, but if we apply the DCA method to buy coins with every capital we have then it doesn't feel like we will have a very large amount of cryptocurrency assets.
What is the risk? If you buy at the current price and don't sell, there is no risk unless you sell when the price goes up? Because of high volatility, it is normal for the price to go down but trust me the price will go back up.
With the DCA method then it is better, I also do it but in the form of bitcoin not with ETH with DCA you will have an average price that is bought.
The risk is that you risk on a new platform or even on Binance which can collapse.
That's the risk. Anytime, there's always a chance for Binance to just collapse like what happened to FTX and other centralized exchanges in the past.
I mean who would've thought that FTX will go bankrupt a few years ago? Who would've thought that Cryptopia back a few years ago will go bankrupt as well? None and I'm not saying that it will happen to Binance, but... it can happen anytime as well.
No offense to Binance since I'm using it as well, and the feature are pretty good, but knowing what happened in the past, there's always at the back of my mind the fact that anytime, Binance can go down as well. As for the OP's question, staking ETH on Binance isn't risky. What's risky is the fact that you invested ETH at first place and where you staked it. Volatility makes it risky, and putting it on Binance makes it riskier.
Overall, there's nothing wrong with putting your ETH on Binance and stake it as long as you're ready if something bad happens.