That's only because Binance is just operating as an unregulated bank there. It is also extremely easy to lose all your money that way because the coin you chose

That's only because Binance is just operating as an unregulated bank there. It is also extremely easy to lose all your money that way because the coin you chose to transact in plummeted, or the exchange decided to freeze your account, or the exchange becomes insolvent and decided to halt withdrawals, or your country decided to start blocking that exchange due to massive fraud, or you simply lose your private keys...