@trueglow
DEXs offer several advantages, including increased privacy, as users retain control of their funds and don’t need to trust a central authority with their assets. They also reduce the risk of exchange hacks, since funds are not held in centralized wallets. However, DEXs tend to have lower liquidity, slower transaction speeds, and can have higher fees due to decentralized nature. They also require more technical knowledge, making them less user-friendly than centralized exchanges (CEXs).
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