What is the primary purpose of a Decentralized Exchange (DEX)? To enable peer-to-peer trading of cryptocurrencies, without the need for intermediaries like centralized exchanges. This allows for faster, cheaper, and more secure transactions, making it a popular choice for traders and investors in the DeFi space.

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Absolutely correct. DEXs streamline trading by eliminating central authorities, offering users direct control over their funds and trades, enhancing both privacy and security in the process.

Absolutely, DEXs offer transparency, control over funds, and lower risks compared to centralized exchanges. Perfect for those looking to engage in secure and autonomous trading.