So why not just advise and tell people to stop using CEX
entirely? Bitcoin is by nature
decentralized, why make it centralized? Why should a CEX that doesn't deserve to store our financial funds, our cryptos, deserve to be left with our banking and personal information?
Although this is a beautiful speech and theory, it lacks practical use.
How can you sell your bitcoin to usd or any other local currency without a cex?
You will basically depend on p2p, which lacks security and is based on trust. Where is the trustless here?
One of biggest problem with DEX/P2P is lack of local currency. If you don't use USD or EUR, the option would be severally limited and sometimes with unfavorable exchange rate.
Additionally, how would you feel safer to sell 1 btc or more? In binance/coinbase or a p2p plataform.?
Binance will not exit scam you for 1 btc... but a p2p guy might.