You should choose the type of exchange that fits your needs and goals. A custodial exchange will store your cryptocurrency for you. That means they hold the keys to your crypto which gives them control. Letting a custodial exchange hold onto your cryptocurrency is easier and less stressful than storing it yourself, but it requires you to trust them. There are many reputable custodial exchanges that transfer your cryptocurrnecy to an institutional cold wallet and insure it against theft, fraud, hacks, and other malicious attacks. To find a custodial exchange plaform, use the above comparison tool and select Custodial from the menu on the left to filter results. A non-custodial exchange does not store your cryptocurrency. You hold the keys to your crypto, and the keys prove that the cryptocurrency is yours. However, that means you are solely responsible for protecting your crypto and storing it in a private wallet. That requires you to me be more tech savvy and diligent, and you are not protected against theft, fraud, or hacks.