Everything that is written in this article is Not to be considered Financial Advice under any circumstance, always do your own research carefully. Knowledge is Power 

Decentralization it's definitely one of the hottest topics when related to cryptocurrency. Though, to see people waiving flags they don't really know it's often the case. Has it ever occurred to you to hear someone speaking about how they finally had the chance to grab their financial freedom thanks to Crypto, and all of a sudden started talking about which centralized exchange (like Binance, Coinbase or the most recently infamous FTX) they trusted the most?

As it has been recently proven, again, even big exchanges managed by tech prodigies (FTX) with a trustworthy curriculum, ended up going from 100 to 0, real quick. This alone gives me the proof I need to be wary of the consequences we have to deal with when delegating the responsibility of protecting our investments, our money, to CEX's.. I hate to break it to you but the best way to keep your crypto Truly safe isn't by storing it in a centralized exchange but by storing it in a Cold Wallet such as a Ledger wallet, which really gives you the chance to manage your finances independently. 

Are then Decentralized Exchanges better than Centralized Exchanges? 

Well.. In a decentralized exchange or DEX (like Uniswap), the beautiful part is that no one has to trust or know anyone else, because each user on the network has a copy of literally the same data in the form of a distributed Ledger, and can be way more secure than with their counterpart because no single entity is in charge of assets, the function get solved by smart contracts and decentralized apps (dApps), which are in charge of automating the transactions.

 The Bad part is Volatility, as we've all had the chance to either hear or experience. It isn't uncommon for prices to fluctuate 20% or more in a single day or even within hours. The reason behind it is that cryptocurrencies are extremely new! 

so its not hard to see why most people simply prefer to trust a centralized exchange, probably based as well on confirmation biases inherited by Social Media or more simply by "all the people they know that trust these exchanges" and feel that being entirely responsible for the sake of their investment isn't the best way ahead for them, and I totally respect it.

But it's very important to understand the consequences one faces if chosen so, which will more often than not lead to lose one's investments; we had the most recent proof of that with FTX exchange just days ago and is still ongoing (Crazy stuff btw, am I right?).

Lesson learnt for many. Don't trust exchanges blindly in a world that changes daily.

Keep your funds in Decentralized wallets like Phantom wallet or Metamask or directly stored in your Ledger Cold Wallet. 

At the time being we are definitely on the way to mass adoption, don't let these recent market sentiments fool you.

But there certainly still is a huge portion of the population that has yet to be introduced or simply lacks the main capabilities to buy or trade crypto.

Many recent schools of thought are challenging the idea:

One of them supports the fact that in order to fully enjoy the benefits of decentralization we have to go through mass adoption first. For this school of thought, Regulators  and the Crypto industry have to work together towards refining regulations for the sake of Mass Adoption and in order to Build and Benefit, rather than Wreck and sweep the Centralized exchanges. Only this way we could be able to fully rip the benefits of a true and stable decentralized economy in the future.

I Hope you enjoyed reading this article. If that's the case, leaving a Tip and dropping a Like would be greatly appreciated. Have a nice day!

Kiko