Pareho may risk, pero mas risky ang sa exchange kasi duon wala tayong control once na 100% macompromise at macontroll ng hacker lahat, tapos na ang boxing maetratransfer lahat ng wala tayong kamalay malay, while sa kung saan naman tayo may control nasa pagiingat nalang natin if mapapahamak ba ang ating wallet, kung hindi natin ito bubuksan ng bubuksan, ang iba kasi ginagawa one time lang nila bubuksan ung wallet tapos address at transactions nalang nila emomonitor safe ang ganun, basta wagmo lang pakalat kalat ang seed phrase mo. or key.
To be honest, ito talaga yung sagot. Every wallet/storage may kanya kanya talagang risk given na wala talagang 100% security dito sa isang digital world. However, if gusto mo talaga ng mas less chance of losing your BTCs, then hardware storages and wallets are the way to go.
Personally, halos 95% of my BTCs are inside our local exchanges kasi talagang convenient yung pag gamit nito. Additionally, it requires some degree of knowledge and information to know kung papaano mag transfer ng iyong BTCs sa isang hard/cold storage which is relatively difficult for beginners.
While ito nga yung mga hinaharap natin na risk, talagang we just have to measure the risks and choose kung ano yung mas convenient and safe sa atin. I might still keep my BTCs inside our local exchange pero sobrang open din ako to know on how to operate hardware storages.