I really chose binance because of the peace of mind that comes with using it. With binance, I do not need to bother about my private keys because I know they are safe.

Nothing is 100% perfect even though we can rely on Binance but we should take all the precautions necessary to keep our wallet safe. Over reluctant can sometimes expose us to scams.

that requires password, mobile number, email address and fingerprint.

You can also add google authentication to your security measures. It provides new codes for every minute for transaction process like p2p and even when logging into your wallet.

Personally I prefer the hot wallet system because I don't like carrying hardware devices that can go missing at anytime around.

Yeah that’s very true, we can misplace these hardware devices which require as to purchase new ones. But with hot wallet, you don’t need to carry anything, just make sure you keep your keys safe.

Please find time to visit my post as well. Good luck..!!

https://steemit.com/hive-108451/@sadiqxylo/steemit-crypto-academy-contest-s3w3-the-wallets-by-sadiqxylo