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Author: Admin | 2025-04-28
Here, traders own full authority for their assets and can store funds in the private wallet or cold wallet.It supports the only crypto to crypto trading, fiat to crypto trading is not applicable in the case of DEXAtomic SwapAtomic Swap is the kind of technology incorporated in the DEX, that let traders exchange the pair of Cryptocurrencies belonging to a distinct blockchain network.No Splitted TradingIn DEX, the user can’t implement splitted trading as all the order matching is under a smart contract. End to end trading alone can be executed.Noncustodial assetsIn decentralized exchanges, traders need not store their assets inside the exchange. Users have full accessibility and freedom to store and use their assets in the way they wish.Multiple Cryptocurrency wallet supportIt supports Multiple Cryptocurrency wallets, browser wallets, offline wallets,etc, and makes trading easier and efficient.Remarkable benefits SecurityThe most indispensable and notable benefit in the DEX is security. The chances of hacking and theft are very low here as all the funds are stored outside the exchange under the trader's governance.Secured Data StorageAll the transaction data, users' data are stored in the distributed ledger technology which is immutable and can’t be stolen.Anonymous tradingDEX Supports anonymous trading KYC is not a compulsion in decentralized exchanges.Yet, DEX has limitations such as Low liquidity Inability to restore data Low speed Scalability issuesWhat are P2P Exchanges?Peer to Peer Exchanges adopt the decentralization concept, here the trading happens end to end. Here Escrow places the vital role, the escrow wallet is under the control of the admin. It is the major difference between DEX and Peer to peer exchanges.How P2P Exchange works?In DEX, the transaction speed is less than centralized exchanges. Peer to Peer Exchange matches people behind the trading and the platform acts as the Escrow account during transaction. It support Fiat to crypto
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