I know we all know it, but one more time.....
Not your keys, not your coins.
Any exchange can wake up tomorrow morning and ask for KYC. And once your coins are on it, you are stuck.
We like to think that all the places that we are talking about would never do that. We also know that the people running those exchanges can do whatever they want. You always have to keep that in mind.
-Dave
I totally agree, it is preferable to avoid all centralized exchanges no matter what benefits or advantages they offer. Unfortunately, they have access to assets, that means your coins are completely controlled by them. It is certain they are easy to use and provide multiple trading options However, there is a high risk to get hacked, that’s why decentralized crypto exchanges are the best option and more secure than CEX. In addition to that, they are always accessible to users. For me, I would prefer hardware wallets like, Ledger Nano X , Secux v20 and Trezor model T but depending on your capital, the more you have huge amount of cryptocurrencies, the better and safer to use hardware. If you budget is low, then DEX will the best option to use.