Decentralized wallet is better than Centralized wallet

Today's world is called the digital world and in this digital world, everything is getting updated. Technology is playing a great role in this digital world and trying to provide us with various kinds of facilities. In the case of finance, it's already involved. At the current time, people are getting very interested in decentralized wallets rather than centralized wallets. Which one is better? What do you think about it? I am sharing my thoughts related to it later but before talking about it I am discussing some important points.

design made by me using canva

For a better understanding, I want to give some examples of decentralized wallets and centralized wallets. Our bank account is a centralized wallet. The exchanger is almost the same as a Bank account. But when it comes to decentralized wallet trust wallet is an example but I think our hive account is the best example of it. So let's start the real discussion from here through examples I have given here.

Firstly talk about banks and exchangers. Which generally deposit our except in bank mostly for getting few interests. Some people try to get financial freedom through Banks. But they need to deposit a huge amount of money in the bank. The banking system in recent times is more advanced compared to past times. Recently we don't need to go to the bank two deposit and withdraw our money because using mobile applications we can do it by making online transactions. But the fact is it doesn't give us full access to our own money because, after a certain amount, it's unable to make withdraw from applications and ATM booths. We need to go to the bank for that case. The percentage of interest is not too much in the bank. Besides, whenever we want to make withdraw a large amount of money we need to face fair kind of complications. I have many times Bank doesn't want to withdraw all amount within a short time. In case of withdrawal sometimes it takes several months when the amount is huge. Besides we need to follow a lot of procedures to withdraw the money. And sometimes some ask for a bribe even if it's illegal otherwise they don't complete the work fast related to my transaction. And another complicated thing is sometimes their frozen account shows some excuse which is very irritating. I think they don't have any right to freeze my account because it's my own money. A bank can be bankrupt and we will suffer in the end because according to bank rules they only pay a little amount if the Bank became bankrupt. They charge various kinds of service charge yearly.
If anyone flew from the country after taking a loan from Bank, General people need to pay that amount which is unfair. Surprisingly most of the general people still don't know that they are paying others money. In the case of an exchanger, it's not as trustable as a bank because anything can happen anytime. Take the example of the FTX exchange. I hope you know what happened. And exchanger companies can ban anyone showing some issues and many times it has been seen that they don't allow us to withdraw our own money.

Now talking to the decentralized wallet. A decentralized wallet gives us full access to our own money and we can use it whenever we want and there are no restrictions. In the case of the Hive platform, it gives us the opportunity to get financial freedom. But everywhere we don't get the opportunities like Hive. In the case of a decentralized wallet, we don't need to pay any kind of fee except a transaction fee. No one can freeze our assets. In a word, we are the controller of our assets, and it's the best facility of a decentralized wallet.

So obviously, I will choose the decentralized wallet and the good thing is I know the Hive which gives me great opportunities to get financial freedom.