Which exchanges are better - centralized or decentralized? Which ones are better to trade? After all, now often break and steal funds from the wallets of exchanges.
Decentralized exchanges are a lot safer to keep your coins on as you still maintain control over them. Not only will this help prevent losing your coins to hackers or dishonest owners but it also prevents your coins being used to your detriment. If your coins are on a centralized exchange there is nothing to prevent the exchange owner lending your coins to people who want to short sell them. Also since we have seen a rise in exchanges offering margin trading there is an increased danger that they could get this very wrong and bankrupt the exchange taking your coins with it.