In Decentralized Exchange, user can control their own fund. It is fast, effective and anonymous with no personal documents required to apply.
It has higher security because it will prevent hacking and downtime. However, its not for beginners because its not easy to use. And ICO investors treat it as dumping area of coins when it is first listed in a decentralized exchanges. (IDEX, EtherDelta, etc.) That is the reason why some ICO developers locked the tokens before listing in centralized exchange to prevent that from happening.
Centralized exchange means it is centralized. It's easy to use and accessible. (Binance, Coinbase, etc.) However, when you use centralized exchanges you always have a big risk for your funds because of hacking attacks. And a lot of people lost their cryptocurrencies and bitcoins due to this.
Which would you choose?
It has higher security because it will prevent hacking and downtime. However, its not for beginners because its not easy to use. And ICO investors treat it as dumping area of coins when it is first listed in a decentralized exchanges. (IDEX, EtherDelta, etc.) That is the reason why some ICO developers locked the tokens before listing in centralized exchange to prevent that from happening.
Centralized exchange means it is centralized. It's easy to use and accessible. (Binance, Coinbase, etc.) However, when you use centralized exchanges you always have a big risk for your funds because of hacking attacks. And a lot of people lost their cryptocurrencies and bitcoins due to this.
Which would you choose?
I prefer Centralized Exchange. Because you can buy the coin with fixed price coin and you can easily sell with high price. Centralized Exchange will help you make fewer mistakes (scam,...) but you can't avoid hacker. When you use Centralized Exchange, it will provide you tools, stop loss, chart,...It's very useful. Everything is automatic. The only its weakness is that it can be hacked. But I think that It's not very serious. If that's a market fault, they must take responsibility for it. (You remember Coincheck has given compensation to user?) Nowadays, Centralized Exchange are becoming safer and safer (F2A, KYC,...). And when you want to exchanges altcoin into altcoin. Centralized Exchange can do it easily. The Centralized Exchange I like most is Binance.
