Decentralized Exchanges Vs Centralized Exchanges
Decentralized Exchanges Vs Centralized Exchanges
Recently, we heard a lot of issues about centralized exchange especially the China crackdown on some centralized exchanges like they have this law for people of China about restricted to have activities on most the centralized exchanges.
And here’s the decentralized exchanges starting to make some noise, and I always heard dydx exchange, serum, uniswap, etc.
So, as traders. For you, what is/are the advantage is disadvantages of using decentralized exchange over centralized exchange these days?
users are sometimes untrusting to deposit coins or tokens but they can avoid doing this with dex since assets stays in the wallet even when trading. were all familiar with uniswap which kyc is not needed as well which is what dex users want for privacy.
even dex today are prohibiting users from China. they prompt an update changes to their TOS about citizens from China. it doesnt sound dex when they do this.