In decentralized system, there is no central authority or entity who controls the system, In Decentralized Crypto Exchanges, users funds are in his own control to use and run his business, You don't need to reveal you identity and can remain anonymous.

There is no 3rd parties involvement in decentralized system, There is less chances of hacking and data theft in decentralized system, There is no chance of single point failure because it is not operated or control by a single person.

It is not easy to use interface on decentralized exchanges, Decentralized exchanges have lower transaction fees, Decentralized systems have lower liquidity pool.

Decentralized system data is stored in many servers that are interconnected so it is almost impossible to alter any data, Scalability is high in decentralized system because we have many servers availability.

• A significant advantage, users or owners have complete control over their assets on transactions.

• They do not need permission from any authority to perform transactions and other functions.

• Data stored on decentralized servers is very secure because it uses cryptography and data from one block requires validation from adjacent blocks.

• Since the data in a decentralized blockchain is stored on many secure servers that do not control a single entity, it is not possible to change or modify any data.

• Funds and data are stored on highly secure servers, so the chances of hacking against data theft are very small. This gives you complete confidence to do trade or business on a larger scale too.

• Lower costs from a business point of view, low costs are always a priority for traders as well as for business people, being a big advantage of this system.

• Since functions in decentralized systems are performed anonymously, there is a greater possibility of cybercrime using a decentralized blockchain network.

• There is high volatility in decentralized cryptocurrencies which leads to greater price fluctuations. These large fluctuations are not desirable for commerce or business.

• Decentralized network setup is more because you have to install a lot of data servers.

• There can be conflicts in a decentralized network if it is not managed properly because everyone has the freedom to do whatever they want.

• Decentralized systems or exchanges are not easy to use and users need time to understand how they work.