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Is putting btc into a wallet worth it?

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I have recently bought btc but not a life changing amount so if it crashes i'm gonna be fine.

Anyways to get to the point. I have my btc on an exchange CoinSpot. It is pretty trusted I think, at least that's what it seems like in Australia.

Is my btc at risk of getting stolen/hacked?

If I were to put it in a wallet, how would I do that? And can you explain it like you're explaining to a 5 year old bc I am not that knowledgeable in crypto

submitted by /u/JjoJjo0JjoJjo
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