You have been warned if you are one of those people who follow blindly. Crypto gets bigger and more mainstream, so you have to be concerned about centralized exchanges securities and longevity. Right now, their security is not guaranteed. As a result, I am dividing my portfolio now. It is better to be protected before anything happens.
We can always put our portfolios into a safer vault like hardware wallets and cold storages.
It's a different thing from trusting centralized exchanges as we trade crypto to another crypto or fiat.
As long as you don't put all of your eggs on any centralized exchanges and you just use them when it is necessary, that's what it should be.
But transferring from time to time from exchange to your hardware wallet is somewhat hassle and does really involve fees from time to time but if you dont mind on spending some bucks just for the sake of security
then it could still be done or just really only good if you do make out that certain trade then pull it off in one go.
Its just a matter of self choice and its true that as long you dont put all of your assets on centralized exchange then that should be fine.As long you are aware with the risk even how popular or known
the exchange was but dont remove out the probabilities of being hacked or some exit scam or something like that.
We can trust them but not giving out that 100% where you do make them as a long term wallet.
