Comparing security of cryptoexchanges, with software, hardware wallets

[neku]

I have heard some people complain that their software, hardware wallet was hacked and the money stolen. How secure are the software wallets like Metamask compared to an exchange account at Binance or other exchange , does the exchange account have better security?

 

[Suba]

Until now I have never heard of any hardware wallet such as Trezor, Ledger, KeepKey etc. having been hacked, and hardware wallets or cold wallets are still considered the most secure wallets. Metamask is a type of non-custodial wallet so security and control is in your hands, while Binance is a CEX, so you have no control over the crypto you store.