Centralized crypto exchanges continue to lead as the primary tools for storing and exchanging digital assets. Their user-friendly interfaces, instant access to trading operations, wide selection of coins, and additional services like staking, futures, and copy trading attract millions of users worldwide. However, behind this external comfort lies a whole set of serious risks that can lead to partial or complete loss of funds. In this article, we will take a detailed look at why storage on CEX remains popular but extremely risky, list the main threats with real cases, reveal hidden problems, and provide practical recommendations for minimizing losses. If you actively trade or simply hold assets on Binance , Bybit , Coinbase, KuCoin , or other platforms, this article will help you reconsider your security strategy.