Why should you use a decentralized exchange?

Decentralized exchanges remove the counterparty risk associated with centralized exchanges.

What are the cons of centralized exchanges?

Centralized exchanges introduce counterparty risk. When centralized exchanges go bankrupt, the assets on hand are held in custody. Often the customers are uninsured creditors, which means that they are the last to receive payouts, if at all.

What are some popular DEXs on Ethereum?

Matcha.xyz, 1Inch Exchange, and Uniswap are among the most popular decentralized exchanges on Ethereum.

What are some of the cons of decentralized exchanges?

Features like margin trading, stop loss, and much more are missing from the DEX arsenal, all of which could hinder your performance as a trader.

Intermediate Archives

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Intermediate Page 13