There are decentralized exchanges that are being ignored by most investors because they don't know which is more trusted between them with centralized.
I like both of it, I've used some decentralized exchange before and I'll keep on using it if I want too.
But the trend right now are the centralized exchanges and it's hard for me to use a new exchange unless there is something proven like the old ones.
Thanks for the answer! There are advantages to decentralized exchanges, but they are difficult to actively trade! What factors indicate that the centralized exchange is safe, especially if it is new, licenses, strong community, openness of the team?
How do you find it's difficult to actively trade on decentralized exchanges? I don't have any problem of trading there and it looks easier to me.
In centralized exchange, you know the developers, owners that are responsible of holding your fund or by sending/depositing to their exchange so, you know who are the people that are accountable if funds are lost.
If the exchange is new, I don't use them. I wait for months before trusting it.