Which exchange do you prefer centralized or decentralized

[Dreamer]

I use both, but CEX exchanges are my first choice. I like CEX exchanges because they have very good security, especially Gate exchange! I use Gate exchange to store any amount of Coins that I want, I also use Binance but still is not good in security like Gate exchange. I also like CEX exchanges because I am a day trader and a P2P trader so I need to trade while tracking some profit opportunities using the order books which I can not do that in a DEX exchange.

[Doctor]

I use both, but CEX exchanges are my first choice. I like CEX exchanges because they have very good security, especially Gate exchange! I use Gate exchange to store any amount of Coins that I want, I also use Binance but still is not good in security like Gate exchange. I also like CEX exchanges because I am a day trader and a P2P trader so I need to trade while tracking some profit opportunities using the order books which I can not do that in a DEX exchange.

CEX and DEX , both  are good.
I see several people prefer in CEX and other members prefer in DEX.
I think ayou can use both for your transaction.
DEX, I have used it for my daily trading, and CEX for other investment.
Especially for withdraw, P2P.

[Kitaiev]

Which exchange is best between these two

Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.

[DAMKAR]

Which exchange is best between these two

Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.

I think you're right, CEX is better than DEX. I also have used P2P services in centralized exchange.
Because we all know DEX is still poorly development as you said.
But maybe at the next months, DEX will have good improve.
Hopefully it will be.

[stanley]

I use mostly centralized exchanges. I'm just so used to it and they seem convenient and reliable to me.
Very rarely I use uniswap. For me, the most suitable exchange is binance

[Kitaiev]

Which exchange is best between these two

Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.

I think you're right, CEX is better than DEX. I also have used P2P services in centralized exchange.
Because we all know DEX is still poorly development as you said.
But maybe at the next months, DEX will have good improve.
Hopefully it will be.

I meant that p2p in decentralized space is very poorly developed. For everything else i prefer to use decentralized exchanges.
It seems to me that the process of transition of the majority of users to dex has already started.

[Andruha1993]

I prefer decentralized!

[shadowdio]

For me, both centralized or decentralized exchange as long it no needs to require KYC for the deposit and withdrawal.. and also the important of all is the lowest withdrawal fees. So far Binance and pancakeswap are the best exchanges for me.

[Cadaver20]

For me, both centralized or decentralized exchange as long it no needs to require KYC for the deposit and withdrawal.. and also the important of all is the lowest withdrawal fees. So far Binance and pancakeswap are the best exchanges for me.

You don't like KYC but you like Binance exchange. But if you want to trade crypto in Binance you have to do kyc compulsorily. Without kyc you can only withdraw your crypto. Can't trade. At least intermediate verification is required to trade in Binance.

[shadowdio]

For me, both centralized or decentralized exchange as long it no needs to require KYC for the deposit and withdrawal.. and also the important of all is the lowest withdrawal fees. So far Binance and pancakeswap are the best exchanges for me.

You don't like KYC but you like Binance exchange. But if you want to trade crypto in Binance you have to do kyc compulsorily. Without kyc you can only withdraw your crypto. Can't trade. At least intermediate verification is required to trade in Binance.

Yes I use Binance exchange but it's not necessary for small time traders like me and it's not really big that I withdraw my cryptos.. so no need to require KYC.. Only those big whales who withdraws a big amount of cryptos.

Edit: I guess you are right, I recently logged in in the Binance exchange and it's already blocked the deposit so it's mandatory for all Binance users to do KYC even you are small time trader..

[Rinat8368834]

Specifically, I don't see much difference. In a decentralized one, of course, it's a plus that you don't have to pay taxes, but in order to cash out a large amount, you will have to work hard. The biggest disadvantage of a decentralized exchange is that if you made a mistake with the wallet address, then no one will return your money to you.

[Seerge]

There are quite a number of Crypto exchanges today, both centralized and decentralized. But for me both exchanges have their respective advantages, I use both exchanges. however I only choose reputable and reputable exchanges that I use to trade.

[damsix]

I prefer Decentralized Exchange because this market is very simple and very environmentally friendly for me who every day is always looking for oddities from the existing market prices or you can say I am looking for miracles from the unexpected from cryptocurrencies.
Usually this DEX always gives surprises as well as airdrop results from SWAP and it can be said to be very simple and easy like UNI.

[Pitter]

Actually both exchanges are good for different issues like when you use Dex the advantage is you don't give any taxes but the major disadvantage is if you any mistake to transaction then you never recover from it . One the other hand The liquidity at centralized exchanges is normally much better than the liquidity at decentralized exchanges.

[Gvent]

Which exchange is best between these two

Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.

Both of these proposed options may be relevant at the moment. I think it is very correct to combine them and apply each at its own time. Then optimal conditions are formed in order to become successful in cryptocurrencies.