DEX Take Control, Take Risk!
Decentralized exchanges (DEX) allow you to trade with your own wallet. You don't need anyone's permission and you have full control over your assets. However, this freedom comes with handicaps such as difficulties of use and low liquidity.
Why DEX is Preferred?
Assets are in your wallet
No KYC, high privacy
Token listing does not require centralized approval
Generally lower transaction fees
What are the challenges?
Interfaces may require technical knowledge
Risk of fraud and possibility of counterfeit tokens
No return on erroneous transactions
Liquidity problems may occur in large transactions
DEXs offer freedom but are unforgiving of mistakes.
Ideal for those who want to take control, but caution is essential.
