it's a good addiction,
won't harm your health but might hurt your wallet a little :D
I've started few years ago with one, then two, then three... Led to three active rooms, montanes, tropical and free ranged setup.. It finally led to a greenhouse fully equiped in my backyard ...
Yes, it's a common non-toxic palm often kept for smaller species. Also good for heavier species but add branches through the plant so the animals don't fall trying to climb upwards.