If binance is a complaint exchange then I go for it. I’m trading with my hard earned money and I have to put it on a greater exchange so I can at least have a confident that my money is safe and I trade well on that. If there’s no trust on an exchange then its better to leave on that one and look for a trusted exchange.

Yes, this topic has been discussed in detail already. Also, most of the time the liquidity of the token or coin in dex is very low to non existent when it is compared to cex.  So it really depends on the coin or token that you want to trade with. You need to evaluate the situation before sending your coins to any of them. But if you do prefer to use a centralized one, I think one safe exchange to use is BNB right now. They have lower btc withdrawal fee also as compared to other popular ones. And no need to undergo KYC if you are only dealing with 2btc and below. But in case you can't find the trading pair on them, just look for a reputable exchange and don't forget to withdraw your money once your trading is finished. This action should be observed at all times when you are in exchanges to avoid possible loss of your money.

For me decentralised exchanges have always worked and honestly I do not see the need to go for compliance exchanges since the risks are so much higher - at least in my opinion anyway. I just dislike the idea of sharing my account details, outsourcing has not really been my thing since I'm more wary of scams and I'd rather keep my investments as safe as I can.

I  still prefer the compliance exchange because they are at least validated most of the time, not the small timers because they are basically as anon as dex ones gets but at the same time think about stuff like Binance and Poloniex and Bittrex and all the other ones that big, these are known and they are huge so we all know their headquarters and their CEO and their information as well, so when something goes wrong we could at least blame them.

Remember mt.gox for example, they did get "hacked" but right now they are in loads of trouble as well so at least we know that something as big as binance can't steal because if they do they will be jailed. It is quite obvious that they are going to keep it steady, maybe they will get hacked for real but they will not be "hacked" like exit scam.

Whether it is a decentralized or centralized exchange but traders always looking at the liquidity of the exchange. The market volume and the number of trading pairs. And the second priority is security, as long as the exchange has been built a strong reputation that is fine to them. Both of them had pros and cons that might we can benefit the most.

Here is my short insight between them.
Decentralize:

• Not recommendable to newbies
• Low liquidity
• Anonymous/Anonymity
• You have a full control of your fund

Centralized:

• Easy to use by newbies and has advance feature
• Good in terms of Liquidity
• They are the third party between traders and they are controlling your fund, not you
• Collecting your personal identities and should pass KYC

Now, you think which better for you.

I will go for the safest... Properly decentralized exchanges are safest for me. I can't imagine leaving lots of coins on centralized exchanges long-term. Lots of bad thing could happen to it. But with a fully decentralized exchange, you control your keys... you can hide your keys and take your minds off your coins as long as you want-- peace of mind.
By the way, the centralized exchanges can change their policies anytime and that could affect your ability to access your funds or use them easily. Decentralized exchanges are great.

How about waiting it out till there appears some regulation among crypto exchanges as what should be the average listing fees and the average listing time. We have seen exchanges cheat on ICO project owners, even if the latter are nothing but scams, asking for exorbitant sums of money for listing their coins. They have no chance but to move to a less known more suspicious exchange for allowing trading of their coin.

Decentralized exchanges do avoid this situation but the scams will never decrease. Since the owners of DEXs remain anonymous in most cases they are hard to track down without cybercrime support. Even then recovering the funds is something that nobody is capable of without bruteforcing the private key.

The legal aspects of usage and trading of crypto is what is needed next before anything can be done in this sector.

Both regulated compliance and decentralized exchanges are good where selecting exchange is different from your requirement. In the current industry, still, Dexes provides limited functionalities of trading in terms of liquidity, speed, charts, and different types of trading techniques like margin, futures, and OTC. If you looking perfect solution, you have to choose the proper centralized exchange.