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?
The only reason why I support or still keep on using centralized on Bitcoin or crypto is due to safely withdraw or convert my crypto into Fiat.
But if there would be other way for me to securely withdraw or convert crypto into Fiat without doing it in person then I would stop using centralized platforms.
Exactly. If only we had an easy choice to make then we might've or surely already immersed ourselves in using Decentralized Exchange (DEX) rather than using Centralized Exchange (CEX) where anonymity is not on the table. I know that DEX also have their own share of advantages but for me, that's still an unknown water compared to CEX where we mostly do our transactions because of the advantage it can give like high liquidity, faster transactions, etc.