Too Long; Didn't Read
Tesla and SpaceX CEO Elon Musk called on people to avoid hosted services, whatever it takes. Hosted services are supposed to be able to provide top-notch security for servers, funds, and data, as well as failure-free connection. Some people trust paid professionals more than their own memory than their private keys. The "not your keys, not your coins" principle has always been popular in the cryptocurrency community. But the popularity of that sentiment has not reduced the number of hosted solutions out there.