The basic difference between a centralized exchange and decentralized exchange is the presence of an intermediary authority. Crypto’s main selling point from the very beginning has been the blockchain based decentralized technology that it works on, void of any third party overlords.
Apart from obvious steady security and authenticated regulation it brings to the table, there’s a sense of control that the users get. Having direct access to check over their assets and funds and knowing the complexities of the platform only adds to the trust factor in the equation.
Though there’s more history and popularity with centralized bases, the risk surrounding transactions and documentation is a big cautionary. A Decentralized Anonymous Organisation counters that by prioritizing the client’s security, putting in a lot of effort to secure their funds from the influence of external factors and manipulation. Not just that, looking into BitDAO, there’s a constant flow of new ideas and proposals that are the voted on by stake holders allowing inclusivity in the decision making process.
Sure, centralized projects come with easier navigation but the custody and uncertainty that tags along is too much of a cost to pay in this day and age.
The control, safety and privacy features with a decentralized value exchange system override them. Moreover, the continuously evolving decentralized programs are promising and supportive enough to grow into stable, mainstream markets.