I'm not too sure why after all that has happened since the fall of Mt. Gox way back in 2014, and then too many other cryptocurrency related companies to list here going bankrupt, or running away with folks's hard earned fiat, coins, and tokens why we are still even having this collective fear, doubt, and uncertainty about Binance, or insert the few remaining centralized cryptocurrency exchange here.
Use the exchanges for what they are good at using them for, such as buying, selling, and trading, and then move your coins and tokens onto your preferred cold storage system. Why is this so hard to comprehend? How much more money do you have to lose, or watch others lose before you get the concept? Your money is not safe on any exchange. Your money is not safe on any exchange. Your money is not safe on any exchange.
Christmas is coming boys, gals, or whatever you identify as. Ask your mommy, daddy, or Santa Claus for a Ledger, a Trezor, or whatever hardware wallet you prefer, and have them place that sucker in your hand now as an early Christmas gift, so that you can secure your wealth properly, in your own custody as soon as possible.
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