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RE: Decentralized Exchange Vs Centralized Exchange - Are They Future Of Exchanges ?
I have only insecurities about decentralized exchanges that the missing of funds during any hacking.. I think they are not much safe than centralized platforms like Binance and others
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there is a big technical difference. on a centralized exchange, you transfer your coins onto it, they hold them there, then withdraw as you want. that can get hacked. a decentralized exchange is just an interface with an order book. your coins are never transferred there (except IDEX, which is a hybrid). So think of DEX like peer to peer, wallet to wallet trades.
Yeah, I know and decentralized are platform but users are not much aware about decentralized exchanges.
It's little bit complicated.
I have account on decentralized platform.
Thanks for sharing, I support decentralized exchanges..
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