Lesthia J
@lesthia
Are Decentralized Exchanges (DEXs) the Future of Trading? Centralized exchanges (CEXs) dominate the crypto market, but decentralized exchanges (DEXs) are rapidly gaining traction. What makes DEXs so appealing? 💡 Key Features of DEXs No Intermediaries: Trade directly with peers using smart contracts. Privacy: No need for extensive KYC processes. Transparency: Every transaction is recorded on the blockchain. ⚡ Advantages Over CEXs Greater security—funds stay in your wallet. Accessibility—anyone with an internet connection can use them. Resistance to censorship. 🚩 Challenges Limited liquidity compared to major CEXs. User interface can be intimidating for beginners. Higher risk of trading errors or scams. Will DEXs surpass CEXs as the primary way to trade crypto, or will they remain a niche? Let’s dive in! 🚀
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