Should you trade on a centralized exchange or a decentralized exchange?

In the realm of cryptocurrency trading, the question of whether to opt for a centralized or decentralized exchange often arises. For the novice investor, this can be a daunting choice. Centralized exchanges, with their user-friendly interfaces and robust customer support, often provide a sense of security and familiarity. However, the recent spate of hacks and security breaches has cast a shadow over their reliability. Conversely, decentralized exchanges offer an air of autonomy and transparency, as transactions are not governed by a central authority. Yet, the lack of a central point of contact for support and the technical complexities involved in using them can be daunting for the average trader. Given the potential risks and rewards of both options, what are the key considerations a trader should take into account when deciding whether to trade on a centralized or decentralized exchange?