Indeed,
With decentralized wallets, you have total control over your wallet keys and access to your wallet, which of course means that you're the only person who's in control of your wallet and whatever asset that the wallet holds.
All your assets are being stored on a decentralized network, which makes it nearly impossible for hackers to access your funds or steal them, except of course you grant them access by revealing your keys to them.
At any time and any day, decentralized wallets are far better options than Centralized wallets.
Its important thing when saving our assets in decentralized wallet we have own self controlling with our assets not depend on exchange wallet has third party could controlling our assets keep secure or not.
Decentralized wallet we have own self controlling key or seed phrase of our wallet its difference when centralized wallet or exchange wallet when the exchange got scam our assets loss learned what happen with many investor holding their assets in FTX exchange wallet account.
Always memorize, not your key is not your coins how trusted one exchange reputation has opportunity for us loss our assets and better hold it in decentralized wallet.
Yeah, you're totally right! In a decentralized wallet, you are in complete control of your assets and the keys – it’s like having a highly encrypted and secure safe. That way, you don’t have to throw your cryptocurrency into some third-party exchange of your choosing where it may be at risk, as we’ve seen with the FTX exchange. In other words, exchanges can be hacked, go bankrupt, or simply disappear taking your money with them.
“not your keys, not your coins” that statement can really not be overemphasized; if you do not possess the private key to the assets then you do not truly own the crypto. Actually, it is similar to having cash in your pocket and money deposited in a bank and you know that you can withdraw the money at any time but it is different from a bank where sometimes they fail to honor the cheque you make.