4 Reasons Why You Should Use a DEX (Decentralized Exchange)

[Gurujebs]

I use Uniswap because its easy to use ,offer privacy and more important think for me they don't have wash trade.

Uniswap just as the name implies just swap tokens between demand and supply with liquidity. They aren't really dex if you ask me.
Trading on Dex currently is time consuming because it takes long time to confirm transactions on Ethereum blockchain with massive gas fee to process transactions.

[Jaephoenix]

I hope you are not telling cryptocurrency newbies to engage Dexes. That's a no-no. They're strictly not for newcomers, because they can easily lose their funds. And the technicalities are much more than Cexes. And of course, the issue of liquidity

[Prime]

Every exchange both centralized and also decentralized exchange will have their own advantages and also disadvantages. In this case, we can see that the prospect of being safe and also beneficial using certain exchanges ay be on the security. The centralized exchange will serve more secured assets in the crypto.

[sidik7]

the reason we can make trade easy and monitor our assets transparency, but the risk also exist in some decentralized exchange the development of good security clearly and makes it more attrative to user or trader in it .

[Tanimariya]

The decentralized exchanges, Uniswap is the most advanced and good DEX. I like all the activities of Uniswap. Fraud does not happen there. Advanced tokens are first bought and sold on uniswap. So I also know uniswap as a much better DEX. But forkdelta is a bit better. I saw the popularity of forkdelta. However, many do not use uniswap and believe, they are afraid. But it has the advantage of being used.

[ranaprime]

Binance DEX is more popular. It's security and data privacy level is so high. I use binance DEX and suggest to all use it.

[IyemRoker]

I use ForkDelta, IDEX and Binance DEX a lot.

Of the three DEXs, the simplest to use is ForkDelta because it's simple and easy to use.
Second is Binance DEX because it is simple and has a high level of security and the next is IDEX, now IDEX is even more difficult because you have to use email for registration.

[JacobMichael]

Here are 4 Reasons Why You Should Use a DEX (Decentralized Exchange): https://pantograph.io/4-reasons-why-you-should-use-a-dex-decentralized-exchange/

Name a DEX that you are using right now and why do you choose it?

Of those 4, I find the most compelling reason you should use DEX is Anyone can access DEX from anywhere. Decentralized exchanges provide a way to get individuals at any level. places where cryptocurrencies can be traded, as they are not operated by a centralized authority, can be ordered to close.

[JacobJacob]

Here are 4 Reasons Why You Should Use a DEX (Decentralized Exchange): https://pantograph.io/4-reasons-why-you-should-use-a-dex-decentralized-exchange/

Name a DEX that you are using right now and why do you choose it?

The reason I like most is its confidentiality. With DEX, only you have complete control over your money. All you have to do is simply attach and remove your own wallet, whether it's hardware or software wallet and you can trade accordingly.

[Gwatan]

Choose reputable DEX exchanges to trade, if you want to be more secure you can create another wallet and send tokens to sell on it. I find it quite convenient, instead of you having to create an account, do KYC, you just need to connect your wallet to finish. But be careful with newly born exchanges, we could lose all our assets

[Amaya]

Binance dex, idex are all worth trading. Be careful with Uniswap as I have seen scammers fake contracts and sell fake tokens to make a profit

[Hope4life]

Yeah I like trading on DEX too, it just takes a little effort with connecting a wallet and no need to do kyc. At the moment I like to trade on oikos, stellarport, and also idex.

[Esperanza12]

we should use DEX because it is highly Secure: Decentralized exchanges do not store user assets. Therefore, neither hacker attacks nor exchange crash leads to a loss of money. Since they do not have a single entry point, everyone can access all assets and data, impeding a hacker job and making an attack pointless, which distinguishes DEX from other Centralized exchanges are regularly hacked.

[Ganesa99]

One advantage of DEX is the minimal risk of price manipulation or distorting trading volume, due to the lack of a centralized structure that easily leads to manipulation inside an exchange.

[Thalassaya]

Highly independent, independent DEX regulators are worth using: The decentralized architecture protects the decentralized exchange from local or international government interference