I am using decentralized exchanges for trading as they list coins I cannot find elsewhere. They are hacked sometimes, not user
friendly, having low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.
Decentralization is better, because all transactions are more open, meaning they can be monitored because the server is not centralized. If centralization can occur data manipulation or prices that are very detrimental to the users. Therefore, many countries, especially developing countries, still apply centralization in everything, including trade.
There is actually no doubt that decentralization is better, but these days it just seems that most decentralized exchanges are not getting it right. For most part of it, we have seen a lot of laggy issues, low liquidity when compared to centralized exchanges and then some serious breach in security that has affected users funds.
Also, recently there is a thing about some of them like Idex, making plans to turn to a hybrid exchange or thereabout by enforcing KYC. For a decentralized exchange? I really wonder!