In my opinion decentralized exchanges are much more popular amongst trader then centralized exchange because no one can control over them. Deposit and withdrawal are instant. Main thing is using this platforms traders fund are safe. people hold their private key or memonic to use these exchanges.
No. I still prefer trading on centralized exchanges...
We are the same taste!
I also prefer the centralized crypto exchange because you can easily trade in any pair of coins. Yes, that is greater higher liquidity. An exchange that a high volume of trade per coins can also make fast trades to have quick transactions and fast of making a profit.
A decentralized exchange is good but I won't recommend this to all newbies. There are many crucial steps in the decentralized exchange that should newbies know first.
I've stated before to another thread about my insight of DEX and CEX.
Here is my short insight between them.
Decentralize:
- Not recommendable to newbies
- Low liquidity
- Anonymous/Anonymity
- You have a full control of your fund
Centralized:
- Easy to use by newbies and has advance feature
- Good in terms of Liquidity
- They are the third party between traders and they are controlling your fund, not you
- Collecting your personal identities and should pass KYC
Now, you think which better for you.