Decentralized Exchange: A Comprehensive Guide!
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DEX on its way to boom
Pros
You retain control of your funds
You do not have to trust a third party to safely manage your coins and tokens
They provide increased privacy to traders
No risk of server downtime
Lower trading fees than centralized exchanges
The decentralized nature reduces the risk of government regulation or crackdowns
ConsNot easy to use as conventional exchanges
It can be confusing for the new users
They do not provide advanced trading tools as centralized exchanges
They do not offer as much liquidity as centralized exchanges
Some platforms offer limited customer support
Lack of regulation may concern some users