RE: LeoThread 2023-05-27 17:52

[cyclopshive]

Why DEX is better than anything? Here I collect 25 reason why DEX is far better. Let's see.

Comments

[cyclopshive]

1. Decentralized - DEX transactions occur on the blockchain, without centralized intermediaries.

[idksamad78699]

Anon (no KYC), transparent on Blockchain, liquidity, coins or keys belongs to you.. hehe

[cyclopshive]

1. Trustless - DEX does not require trusting a third party to hold funds.

[cyclopshive]

1. Secure - DEX uses smart contracts to ensure security and transparency of transactions.

[cyclopshive]

1. Non-custodial - DEX allows users to control their own private keys and funds.

[cyclopshive]

1. Permissionless - Anyone can participate in DEX trading without restrictions or barriers to entry.

[cyclopshive]

1. No KYC - DEX does not require user identification or personal information.

[cyclopshive]

1. No intermediary fees - DEX avoids costly middlemen fees.

[cyclopshive]

1. Lower trading fees - Transactions on decentralized exchanges have typically lower fees compared to centralized ones.

[cyclopshive]

1. No freeze or downtime - DEX trading is always available, there is no risk of exchange freezing and downtime.

[cyclopshive]

1. Instant trading - DEX transactions are executed immediately on the blockchain.

[cyclopshive]

1. Transparent - All DEX transactions are visible on the public blockchain.

[cyclopshive]

1. Immutable - DEX transactions are unalterable once confirmed on the blockchain.

[cyclopshive]

1. Scalability - DEX can accommodate high transaction volumes without slowing down.

[cyclopshive]

1. Global accessibility - DEX is available from anywhere in the world.

[cyclopshive]

1. No withdrawal limits - DEX has no restrictions on the amount of funds that can be withdrawn.

[cyclopshive]

1. No trading limits - DEX has no restrictions on the amount of funds that can be traded.

[cyclopshive]

1. No censorship - DEX transactions cannot be censored or stopped by any third-party authority.

[cyclopshive]

1. No censorship - DEX transactions cannot be censored or stopped by any third-party authority.

[cyclopshive]

1. Open source - DEX code is transparent and open-source, allowing for community auditing and improvement.

[cyclopshive]

1. Integration with other Dapps - DEX can be integrated with other decentralized apps (dapps) in the blockchain ecosystem.

[cyclopshive]

1. Smart contract execution - DEX ensures trustless smart contract execution.

[cyclopshive]

1. Avoids hack risk - DEX eliminates hacking risks associated with centralized exchanges.

[cyclopshive]

1. No single point of failure - DEX trading does not rely on any centralized server or infrastructure.

[cyclopshive]

1. Community-driven - DEX development is community-driven, with updates and changes made by consensus.

[cyclopshive]

1. No account verification - Trading on DEX does not require account verification or opening an account.

[cyclopshive]

1. Decentralized price discovery - DEX uses market-based pricing, rather than centrally-determined pricing.

[cyclopshive]

1. Increased privacy - DEX provides increased privacy for traders as personal information is not required.