Probability of losing your money if you keep it on Binance

Please don't attack my ignorance. I am asking a serious question.

Many people in the crypto world recommend to move your assets to cold wallets. I understand how that is done and why.

But it's much more productive for trading, and easier for day to day life, to keep my assets in the Binance spot wallet.

Actually, I am thinking to move much more of my money into Binance. Inflation is killing my Fiat anyway.

But I wonder if this is really as risky as people say. I don't see the chance of Binance getting hacked bigger than the chance of my actual Bank getting hacked. Binance makes so much money that they probably have a level of security that touches the sky. And as long as I keep my 2FA and don't fall into phishing traps, I will be fine.

The only potential issue I see is, a normal Bank is more regulated and I have the guarantee that a certain amount of my money will be recovered even if the Bank disappears. With Binance, if it disappears... I guess I will lose everything.

But... does such a chance exist at all? Is it greater than the chance of the whole society collapsing anyway?

CONCLUSION AFTER READING YOUR AWESOME COMMENTS:

Binance is pretty secure. But: it will sometimes turn off withdrawals for certain coins (you can still trade though), they sometimes lock/freeze accounts for unknown reasons and their support/communication is not the best.

It's good to keep your trading money in there but it's objectively safer to put your HODL and staking money out into a self owned wallet. If you don't like cold wallets you should at least spread your assets into multiple exchanges.

And, always remember: "Not your keys, not your coins".