Is a non-custodial exchange better than a crypto exchange?

So, let's dive into the question: "Is a non-custodial exchange better than a crypto exchange?" Firstly, it's important to understand the key difference between the two. Non-custodial exchanges, often referred to as decentralized exchanges (DEXs), allow users to trade cryptocurrencies directly with each other, without an intermediary holding their funds. This means users retain full control over their assets at all times. On the other hand, traditional crypto exchanges, also known as centralized exchanges (CEXs), act as intermediaries between buyers and sellers. They hold users' funds in centralized wallets and facilitate trades on their platforms. Now, the question is whether one is inherently better than the other. The answer isn't straightforward, as it depends on various factors, such as security, privacy, and convenience. For instance, non-custodial exchanges offer higher levels of security and privacy, as users don't need to trust a third-party with their funds. However, they may not offer the same level of convenience or trading options as centralized exchanges, which often have more advanced trading features and liquidity. So, the choice between a non-custodial exchange and a crypto exchange ultimately comes down to personal preferences and priorities. It's important to weigh up the pros and cons of each option and decide which one best aligns with your needs and goals.