Quote from: Iranus on Today at 04:10:36 AM

Quote from: X-ray on Today at 01:39:15 AM

I really hope DEX is the future, something like hyperliquid where liquidity is good and it's actually usable.

The problem about CEX is that it can literally freeze your account out of the blue without any reason at all, you can literally did nothing but just trading and your account got frozen. Just look in X and you'd find so many people got their account frozen. Some even got their account frozen while they still open trade position and as a result they could lose their money to volatility and can do nothing about it.

Dex in the other hand, is very transparent and you're not gonna get your account locked out of nowhere.

Don't want to disappoint you, but the truth is bitcoin has opened the era of decentralization and DEX has also had 16 years to develop. But so far, it has not been able to develop and compete with CEX. I don't think there will be any chance for it in the future when the government intervenes in the market and tries to control everything.

CEX has risks in terms of asset control and privacy, but in return it has high liquidity and stability, ease of use, customer support and especially limits money laundering...Meanwhile, DEX gives us full control of our assets and ensures privacy, but it is not perfect, it is difficult to use for newbies, liquidity is too low or can be abused for money laundering...
To be fair, both have their pros and cons and which one to choose will come down to personal preference.

Both platform will thrive in the future. All of your statements are true so it just depend on us how we will protect our crypto assets safely.

We should never keep our assets on a CEX for a long time, even a reputable exchange doesn't guarantee they will operate for a long time and safe from hackers.

While in terms of DEXes, we should be wary what sites we should use as not all of them are safe. Some can drain your wallet when you allow the platform access your crypto.