How are you all? Hope everyone is doing well, Today I will talk about a very important topic, Today we will know about 5 benefits of Decentralized Exchange (DEX), So let's start today's topic,

1. no Central authority

Usually DEX has no central counterparty or intermediary institution, so users can automatically control their assets themselves,
Usually the platform cannot control their assets even if they want,
Usually we hear that different exchanges are often banned by the governments of different countries,
Or exchanges stop their services from different countries, DEX does not have that problem,

Image collect Pixabay

---

2. Protecting user privacy

Usually, the first condition in centralized exchanges is KYC Mandatory, and as a result, users face various problems, such as if the users are under 18 years of age, or if the users do not have a NID Card or Passport,
then they face huge problems,
but the biggest advantage of Dex is that the privacy of users is protected, DEX KYC is not required,
as a result, users can trade here without keeping their identity hidden,

3. Risk-free from losing assets

Usually, we often hear about the collapse of various exchanges and the escape of assets, such as the FTX Collapse incident, we all know, in addition, many exchanges have come to the market so far, they have finally closed their services and escaped with the assets of users,
DEX does not require any kind of deposit, the exchange can be done directly by connecting the wallet, its automatic withdrawal is done,

4. Global access

DEX can generally be used in all countries of the world, OKex is banned in many countries except Bangladesh, and there are many exchanges in different countries that are banned from using good quality exchanges, Dex does not have that problem,
It can be used wherever there is internet,

5. Low Transaction Fee

Trading can be completed in Dex with a very small fee, usually Eth network coins have a higher fee if necessary,

Image collect Pixabay

---

Here I have shared five advantages of DEX with you, there are many more advantages, such as, after trading DEX, it has a transaction history, so it can be checked,
Moreover, the most interesting thing is that anyone can list a coin on DEX,
even trade it, then if that coin gets good popularity, then if you want, you can easily list it on CEX,
So I am ending here today, everyone will be fine, Allah-Hafez