Before we address this, it's important to understand DEX's advantages over CEX. The main benefits of DEX's decentralized model include:
1. Enhanced user asset security: Users maintain control over their cryptocurrencies rather than storing them in the exchange's wallet, which has often been a focal point of security concerns in the crypto community.
2. Transparent trading process: Operating on blockchain, all transactions on DEX are open and verifiable.
3. Reduced systemic risk: Users don't have to place assets in the exchange, averting potential losses from operational risks. The absence of a centralized "agent" makes DEX less susceptible to single-point attacks.
4. Openness and freedom: Any type of crypto asset can be created and traded on DEX, providing it has a matching supply and demand.
5. Strong financial inclusivity: There is no KYC process in DEX, significantly lowering barriers to entry, especially for those without access to banking services.
I will make this in addition that if someone never have the experience of being scammed by the centralized exchanges he may not understand what it really means to be decentralized, to me if you're still under a centralized exchange, you're no difference from someone using the banks to hodl his money no matter how you've invested in bitcoin but still having them under the control of a centralized exchange, one day the prophecy of not your keys not your coins will surely manifest and by then it would have been too late to adjust.