I also keep assets on the exchange, because I am a trader. but I always monitor my wallet and try to guard it. We cannot say that it is dangerous to store assets on an exchange, if we store them on a reputable exchange like Binance it is safe.
I think everyone does the same way. We probably keep our assets in exchange wallets, too. However, we must understand that we don't keep too many assets in exchange wallets because it is risky. The top CEXs like Binance is quite secure although it is not the best place to store our crypto coins. As far as I know, if there is a hack or something bad to happen, they want to help us. I also keep some of my assets there because I often trade them.
As long as it is for the purpose of carrying out trading activities, of course, there are still many who save on exchanges, but I am very sure that only exchanges can be trusted. I agree, that for Binance there is no worry about placing it and I also do that, but in other places, of course, I will think about it as best as possible before placing it. It is true that everyone is afraid of hacking, therefore looking for a reliable one is mandatory. If possible, don't store it for too long. This can also be done if there is fear.
Are you serious now? Even the top ones shouldn’t be trusted, there are a lot of precedents. You should keep there exactly as much as you think you need for trading. Everything else is not in any case. And the point is not even that the exchange can be hacked, the exchange itself can stupidly freeze your funds in connection with any proceedings.
That's the only thing that is ugly about centralized exchanges, where they take advantage of simply freezing the accounts of their users without any opposition. So if you are going to invest, just make sure that the centralized exchange you buy coins or crypto from is really legitimate.
Even though we give trust, even though it is listed on the top exchange in the market, there is still a real risk, just like what happened with Ftx, which was still closed in the end. That's why others still say to do it at your own risk.