Today, we will consider several advantages of decentralized exchanges.
- Available instantly — there is no need to register or confirm an account. At any time of the day, in any weather, the exchange will work while there are users in it.
- Trade can not be stopped or censored. Since tokens and other assets are found nowhere and at the same time everywhere, it becomes impossible to limit or stop trading.
- Security — the exchange does not hold your funds. Everybody knows the stories about unexpected blocking of accounts on a particular exchange, and technical support does not say anything. Then how do they differ from banks?! On a decentralized exchange, all transactions are stored and retained by strict algorithms and open source
- Privacy — no one except trading partners exchanges personal data. All personal data is stored locally. In addition, there are exchanges where you do not need an account at all!
Security is end-to-end encryption, which is used in many decentralized exchanges. - Openness — every aspect of the project is transparent. The project is open source, which allows you to safely move funds to the stock exchange and not be afraid that they will disappear in one moment.
All this together gives us excellent functionality. Unfortunately, the popularity of such exchanges is developing very slowly, but we are sure that in a couple of years the memories of the centralization of your funds will cause laughter.
