Centralized vs Decentralized Exchanges - Which ones are better?

[karnwillbit]

Centralized exchanges combine trading volume, information about clients ' accounts, funds and positions. This is very convenient for users who can easily log into their account with an email and password, but in this case, exchanges become an attractive target for hackers who can steal funds or personal information of account holders.

Exactly. What I prefer the decentralizes exchanges is that they are not prone to government intervention normally. This helps vanish the air of uncertainty in the business and you can easily invest in the asset without having to worry a lot about the future of your assets. However there are related risks as well which hinders one’s ability to make good money. Both of these have good and bad aspects in one way or the other.

[zarinalnr]

Of the decentralized exchangers, I trust Idex and Forkdelta. Nobody controls the deal, all straight. The possibility of hacking is a minus.

[Easzjohn]

Decentralised exchange might not have the necessary to match up with centralized exchange.  But in terms of having control over ones find decentralised exchange provides that

[calya]

between of them have their own advantages and distadvantages.we could not compare it peer to peer.but personally i am prefer decentralized exchanes, cause it doesnt need kyc to wd my money.

[cryptoblue77]

Many investors have been facing a lot of problems in Decentralized Exchanges, on the other hand Centralized Exchange such as Binance has been doing very good over the past one year and it has reached the top position.

[YoungMaster]

For me the centralized exchange is the best choice. well.. even if it is a bit inconvenient like doing KYC, phone confirmation, and sometimes e-mail confirmation, but that makes them more secure from the hackers that steals an account.

[bayu7adi]

both have advantages and disadvantages of each, but for the long term I prefer the centralized exchange with supervision and security guarantees from the international police
so when there is suspicious activity from the owner of a centralized exchanger, the police will act according to the applicable law, and as a suggestion only, if you want to transact in large quantities, above 50k USD, then you should start being careful, don't save 50k USD in the wallet exchanger, than you regret at the end

[apityeh71]

I don't use any Decentralized exchange because high fee of transactions and all of them does not provide feature of stop limit.  Beside that centralized exchange has more high trading volumes.

[Kasabus]

I don't use any Decentralized exchange because high fee of transactions and all of them does not provide feature of stop limit. 

Decentralized exchange has only limited features but they are good if you do not want to comply with the KYC requirement, some believe that decentralized exchange is the future of exchange, in fact CEO and Founder of Binance are developing their own exchange which is set to launch this year.
If they do not see any potential, they would not bother doing it and just focus on their very profitable trading site.

Beside that centralized exchange has more high trading volumes.

That's given as people trust more on centralized exchanges but if things will change in the future, we may see the opposite.

[tbossmitche]

This question appears to me like asking "Which is better between bread and rice?". Every individual will have his preference based on experience and reviews by other users. This is not to say that each type of exchange does not have it's own shortcomings. The question then becomes "Which of these disadvantages can I live with?".

I personally prefer to use centralized exchanges because they are easy to use and support team is readily available. I don't exactly like using decentralized exchanges because of disclosure of private keys.

[3core]

Centralized exchanges because they have more trading features, and makert volumes