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    johnkammy

    @johnkammy

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    Best posts made by johnkammy

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    Latest posts made by johnkammy

    • Decentralized Exchange: A Comprehensive Guide!

      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
      Cons

      Not 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

      posted in General
      johnkammy
      johnkammy
    • What is Decentralized Exchange: A Comprehensive Guide!

      What is a Decentralized Exchange?
      A decentralized exchange is a platform that eliminates the middleman and allows the users to trade cryptocurrency directly with one another. This ensures that the traders are in full control of the funds at all times of the transaction.

      The decentralized exchanges eliminate the risk of hacking due to the distributed network of the nodes. They also overcome the issue of server downtime which is faced by the users during trading.

      They provide an open and transparent network that makes crypto trading accessible to everyone. There are several decentralized exchanges that are already live and offering peer-to-peer trading across a range of cryptos.

      posted in General Discussion
      johnkammy
      johnkammy