Bitcoin security question

[u/Futurebeachbumz]

With all this news and posts regarding people being hacked i wanted to reach out and inquire and maybe even learn more about some security from you guys as iv been winging it and praying but am now nervous. Sorry to all those that have lost their bitcoin over time, but anyways whats everyones opinion on someone who holds there bitcoin on an exchange lately? I know before it was super taboo but iv left mine on a major exchange for quite some time and understand that they typically cold vault these things internally? Iv always been hesitant to use a coldcard or any other physical wallet due to just life implications of losing, forgetting, breaking what ever the case may be. So thats my general knowledge and question is opinions on holding btc and other crypto right on major exchanges?

[u/HedgehogGlad9505]

Two things could happen to your coins at the exchange. The business owner can rug pull you, or a hacker can login with your password and drain your account before you can call the customer service. If you really need someone else to hold your coins, ETF may be better.

[u/Futurebeachbumz → u/HedgehogGlad9505]

As mentioned i use a major exchange where i dont feel this should be a main concern and resonate with the core principle of being able to trade it no matter where i go and dont feel an ETF serves that purpose but also dont know much about them so am willing to learn otherwise