I was always told not your wallet, not your coin, so I invested in a hardware wallet. We have seen several instances where crypto has been stolen from people’s online wallets. Some were reimbursed, some people were screwed. Now some exchanges are paying interest. How much more risk are you willing to take to make a few % more?
At the moment, I have most of my crypto on my hardware wallet, but I do have some smaller amounts at exchanges that are earning interest.