how are you all I hope everyone is very well, today I will talk about an important topic that is Decentralized Exchange some disadvantages today, Abbreviation of Decentralized Exchange is DEX, various Swaps are called Decentralized Exchange, Like Uniswap,Shushi swap,PancakeSwap etc Note that this DEX has some downsides, It is very important to know these aspects because there are a lot of scams through Decentralized Exchange. If you know these things, you can save yourself from scams.

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To list a coin on Centralized Exchange, different rules have to be followed, Binance Exchange is the number 1 Exchange in the world, the reason is that bad coins cannot come easily to this Exchange, and if Binance Rules are broken, then those coins are also removed!
But using the fact that nobody can control Decentralized Exchanges, Scammers list their Scam Tokens, and since there are no rules, anyone can list their coins and remove liquidity, and often step into the trap of Scam Tokens. People are losing their wallets.
Decentralized Exchange Second problem is Gas Fee,
Especially if you swap ERC20 Tokens, you have to face a huge amount of Gas Fee problems.
Also unique network has gas fee,
And because of Wallet Connect, there is fear of hacking,

Image collect Pixabay

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I hope everyone understands, before using Decentralized Exchange, you should know these things, so I'm ending it here today, everyone be well and stay healthy, Allah-Hafez