4 major reasons to shift from CEX to #DEX . ( A Thread ).

23 Feb 2023, 13:44
4 major reasons to shift from CEX to #DEX πŸ”. ( A Thread 🧡) πŸ†‚πŸ…΄πŸ…²πŸ†„πŸ†πŸ…ΈπŸ†ƒπŸ†ˆ: DEXs are generally considered to be more secure than CEXs because they don't hold users' funds. Instead, users maintain control over their own funds, which are stored in their own wallets. πŸ‘‡

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PolkaBridge
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23 Feb 2023, 13:48
4 major reasons to shift from CEX to DEX πŸ” πŸ”₯πŸ†‚πŸ…΄πŸ…²πŸ†„πŸ†πŸ…ΈπŸ†ƒπŸ†ˆ: DEXs are generally considered to be more secure than CEXs because they don't hold users' funds. Instead, users maintain control over their own funds, which are stored in their own wallets. This means that DEXs are less vulnerable to hacks, thefts, or other security breaches that can affect CEXs. πŸ”₯πŸ…ΏοΈπŸ†πŸ…ΈπŸ†…πŸ…°οΈπŸ…²πŸ†ˆ: DEXs are also more private than CEXs, since users don't need to provide personal information or go through a KYC (Know Your Customer) process. This anonymity can be appealing to some users who want to protect their identity or financial transactions. πŸ…³πŸ…΄πŸ…²πŸ…΄πŸ…½πŸ†ƒπŸ†πŸ…°οΈπŸ…»πŸ…ΈπŸ†‰πŸ…°οΈπŸ†ƒπŸ…ΈπŸ…ΎοΈπŸ…½: DEXs are decentralized, meaning that they aren't controlled by a central authority or corporation. This can be appealing to users who value decentralization and want to avoid centralized control. πŸ”₯πŸ†ƒπŸ†πŸ…°οΈπŸ…½πŸ†‚πŸ…ΏοΈπŸ…°οΈπŸ†πŸ…΄πŸ…½πŸ…²πŸ†ˆ: DEXs are generally more transparent than CEXs, since all transactions are recorded on a public blockchain. This means that users can see all the transactions that have taken place on the exchange, which can help prevent fraud. PolkaBridge P2P DEX is waiting for you πŸ‘‡ ➑️Try / Participate / Win: p2p.polkabridge.org/quest (testnet)
4 major reasons to shift from CEX to DEX.
4 major reasons to shift from CEX to DEX πŸ” πŸ”₯πŸ†‚πŸ…΄πŸ…²πŸ†„πŸ†πŸ…ΈπŸ†ƒπŸ†ˆ: DEXs are generally considered to be more secure than CEXs because they don't hold users' funds. Instead, users maintain control over their own funds, which are stored in their own wallets. This means that DEXs are less vulnerable to hacks, thefts, or other security breaches that can affect CEXs. πŸ”₯πŸ…ΏοΈπŸ†πŸ…ΈπŸ†…πŸ…°οΈπŸ…²πŸ†ˆ: DEXs are also more private than CEXs, since users don't need to provide personal information or go through a KYC (Know Your Customer) process. This anonymity can be appealing to some users who want to protect their identity or financial transactions. πŸ…³πŸ…΄πŸ…²πŸ…΄πŸ…½πŸ†ƒπŸ†πŸ…°οΈπŸ…»πŸ…ΈπŸ†‰πŸ…°οΈπŸ†ƒπŸ…ΈπŸ…ΎοΈπŸ…½: DEXs are decentralized, meaning that they aren't controlled by a central authority or corporation. This can be appealing to users who value decentralization and want to avoid centralized control. πŸ”₯πŸ†ƒπŸ†πŸ…°οΈπŸ…½πŸ†‚πŸ…ΏοΈπŸ…°οΈπŸ†πŸ…΄πŸ…½πŸ…²πŸ†ˆ: DEXs are generally more transparent than CEXs, since all transactions are recorded on a public blockchain. This means that users can see all the transactions that have taken place on the exchange, which can help prevent fraud. PolkaBridge P2P DEX is waiting for you πŸ‘‡ ➑️Try / Participate / Win: p2p.polkabridge.org/quest (testnet)