Self custody is no joke.
So many things can go wrong.
Pros and cons for that and custodians
Just my two sats.
Discussion
The trick is
Keep it simple so it always works
Ya, people try to be fancy too quick. But even things like hacking, malware, phishing is no joke but custodiansamage these risk as well
I hate to admit it, but most of the people I know would lose it all if they tried to self-custody. Laziness brought on by the legacy system. Leaving on exchanges are not the solution, though, in my opinion.