Centralized wallets or decentralized - the choice is only on the user's side! Each solution has its advantages and disadvantages, each has acceptable and unacceptable risks. Someone does not worry that he does not fully manage his wallet, for another it is important that no one except him can manage his assets. Someone believes in "a worldwide conspiracy of the holders of the private keys of our wallets", and some laugh at it. At the same time, everyone evaluates the situation subjectively, since there can be no real objective assessment of risks due to the huge number of nuances
Exactly. Choosing one type of wallet from the other will greatly depend on a person's specific needs. For newbies, a centralized wallet proves to be an extremely convenient tool to gain access to the world of crypto without technical knowledge whatsoever. But experienced crypto users will find decentralized wallets an indispensable tool because of their focus on security, reliability, and censorship resistance. It's important to know that both centralized and decentralized wallets have their respective advantages/disadvantages. Just to be safe, only leave a small portion of crypto in a centralized wallet. For large crypto holdings, decentralized wallets (either software or hardware related) prove to be a no-brainer for achieving rock-solid security against malicious actors. The only downside is that the responsibility of securing your funds will solely lie in yourself.
Nonetheless, it seems to me that centralized wallets won't be going anywhere. They will co-exist with existing decentralized solutions in the crypto/Blockchain space. Whichever type of wallet you choose, always remember to act responsibly in order to avoid facing many undesired situations in the long run. Following the necessary security precautions will allow you to stay safe in this wild and crazy world of crypto. Just my opinion
