AS for me, there are many exchanges. I use four exchanges and I have registered on more than eight exchanges before. I still successfully use centralized exchanges. But never leave your coins on exchanges.
Be careful, though, not just with your money but also your personal data. Most of those less known exchanges tend to shut down or exit very frequently.
Decentralized exchanges had a large jump in cryptocurrency trading volume in March as U.S. regulators went after their centralized counterparts including Kraken, Coinbase and Binance.
Volume on DEXs reached $133.1 billion, the third consecutive monthly increase and the highest monthly total since May, according to DefiLlama data
Problem with majorify of those "decentralized exchanges" is that they are not really decentralized. Good example of that is Pancakeswap that is based on highly centrazlied BSC so how decentrazlied it can be in the end? In the same time, truly decentralized Bisq has only ~$100k daily volume so it makes it very costly to buy/sell any bigger amount of bitcoin.
Tell him. I wonder why most newbies have failed to understand what a decentralized exchange is supposed to be. Running on a smart contract does not mean that an exchange is decentralized.
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