Only Two Uses
Centrailized exchanges should only be used as a means to get your fiat currency such as United States Dollars (USD) from your bank account and into a crypto coin. On the flip side, you also use centralized exchanges to transfer back out of crypto and into your bank account.
Don't Trade
Centralized exchanges SHOULD NOT be used to hold or trade crypto, they defeat the entire purpose of decentralized finance. They can seize your crypto, freeze your account, make terrible decisions and go bankrupt, or any number of things.
Hold your Keys
The beauty of DeFi crypto is that if you hold the keys to your own wallet, no one can take your crypto away from you. You are in complete control. You are insulated from the greed and corruption of centralized exchanges.
Freedom
Hey lets be honest you might invest in $hit coins or gamble on some lotto tokens that drop 90% however thats your prerogative!!! You should be in control of your own keys. We are rooting for you to get a Lambo!