I did some research on Bitcoin because I was interested in it, and I discovered that the key principles of Bitcoin are peer-to-peer, anonymity, pseudonymity, decentralization, and operating without a middleman to ensure that Bitcoiners can have financial freedom. However, despite knowing that Bitcoiners adhere to these tenets, why do some Bitcoiners act contrary to them? Why do they continue to support centralized exchanges, use them, and retain their Bitcoin there?
Apart from the risk of folding up, I think it is much more easier, convenient and even safer to use centralized exchanges for trades because we no longer have to pay for an external escrow and most times don't have to panic over the safety of our coins while indulging in trades.
I Personally understand the danger the danger of using centralized exchanges but the trust be told that I also enjoy it's convenience and also safety associated with the use of these exchanges.
Most times we just follow the Norms and begin fighting or preaching against every little argument but the truth be told that we don't make some deep research and we are scared of merely an exchange when we're in cryptocurrency forgetting that cryptocurrency is risky entirely and nothing is certain in the industry and people should do whatever profits them without being scared.