I would assume that just like ALL of us here in this forum, I am using both types of crypto platforms - the DEXs and the CEXs. Certainly, both got many good advantages as well as disadvantages but so far with my experience with them every transaction comes easy, fast and quite satisfactory.
1. Which do you prefer, CEXs or DEXs, and why?
I don't really have preference as I am using both of these types of exchanges. Now, there are times when the exchange available is only in a CEX so there is no choice but to use one but in case things can be done in DEX then I would exchange the coin and token in there because DEX is a lot more convenient and fast since there is no more need to transfer the asset as transactions can be done seamlessly. Right now, I am a heavy user of TrustWallet and we know that many DEXs are already integrated into its ecosystem.
2. For CEX users: Does KYC concerns impact your choice of CEXs?
As I said, if I can do things in a DEX I would prefer it there but since sometimes we can't have our cake and eat it too there are instances when using CEX can be necessary. Yes, KYC can sometimes be a hassle and we are always afraid of data mishandling but nevertheless if there is a need to do it then go. Good thing to know that many big CEXs are allowing accounts to do business even without KYC up to a certain amount of transactions.
3. For DEX users: Do you believe DEXs have the potential to completely replace CEXs in the future?
I would say that DEX got a big potential for more growth but replacing CEXs entirely may seem to me a little bit far-pitched. As we are witnessing right now, many CEXs are enjoying good business, a big testament that many people do trust them and would continue doing business with them into the future. Plus, we know that governments are working with CEX and not with DEXs so once many governments can be flexing their muscles business with DEXs may also have limitations.