Exactly mate and I always find very safe and secure especially when using the two factor authentication and most times people forget that same person who owns binance also owns trust wallet and if anything happens to binance, it might at some point get to affect trust wallet and there is this new scam going on with trust wallet where the seed phrase is gotten and all the available coins wiped out, hence no where is safe except you practice the right security measures.
What is that type of new scam that's happening with Trust Wallet? Isn't it that it's always been the same scams out there that's currently targeting any type of wallet?
Simply, Centralized exchanges are easier to use for beginners than decentralized ones and have more advanced tools. In addition to that, they offer tech support unlike DEX and by using their platforms you are allowed to buy crypto with FIAT. In fact, crypto users especially newbies are more looking for simplicity through easy operation and regulation. Regrettably, centralized exchanges have a plenty of cons such as risk of getting hacked, no anonymity, your funds are completely controlled by them.
As far I am concerned DEX’s have not been known well yet due to they are newer than CEX’s. Possibly more Bitcoiners or generally crypto users will move to DEX once they get to know the advantages of them.
Anyone likes simplicity and ease of using it and that's why everyone is still with the cex's and if anyone who's using a dex finds it easier to use, we just have an option to use whatever we want.
So in all sense, I believe someone people wants to remain anonymous through that means by dealing with CEX and DEX rather than doing a peer to peer or a one on one that would reveal their identities an possibly keep their wallets activities on track by their counterpart.
But with cex, we're giving up our privacy and that purpose is being defeated because most of them ask now kyc.