Assalamu Alaikum
To list a coin on Centralized Exchange, different rules have to be followed, Binance Exchange is the number 1 Exchange in the world, the reason is that bad coins cannot come easily to this Exchange, and if Binance Rules are broken, then those coins are also removed!
But using the fact that nobody can control Decentralized Exchanges, Scammers list their Scam Tokens, and since there are no rules, anyone can list their coins and remove liquidity, and often step into the trap of Scam Tokens. People are losing their wallets.
Decentralized Exchange Second problem is Gas Fee,
Especially if you swap ERC20 Tokens, you have to face a huge amount of Gas Fee problems.
Also unique network has gas fee,
And because of Wallet Connect, there is fear of hacking,
I hope everyone understands, before using Decentralized Exchange, you should know these things, so I'm ending it here today, everyone be well and stay healthy, Allah-Hafez
https://twitter.com/RakibInsid68546/status/1799154495034630534?t=2tMCGIXWRJDnHS5VIc7SeA&s=19
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Decentralized Exchanges shared the post describing the pitfalls among us. Nice to see your post for that. Such posts are very important for us. Looking forward to the next post, thanks.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for Reading
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit