What are the main advantages of a decentralized exchange platform?

jackbrowny

Registered Member

Decentralized exchange platform is trading platform where users can exchange their crypto and they can provide liquidity. There is no order book or centralized party to make trades and it allows users to exchange without any intermediaries.

The decentralized exchange has three main advantages that are:

1.No KYC

In centralized exchanges KYC/AML (Know Your Customer and Anti-Money Laundering) is the norm for many exchanges and individuals are needed to submit identity documents and proof of address. In decentralized exchange anyone can use and access anonymously and the only need is crypto wallet.

2.Unlisted tokens

There is no listing process like centralized exchange and any ERC-20 token can be launched for traders.

3.No hacking risk

Hacker attacks which are common in centralized exchanges. In decentralized exchange there is no chance of hacking and any information theft.

Are you curious to create your own Decentralized exchange software?

Well, it is quietly hard to create your own decentralized exchange software but one thing you should remember before you create your own platform is that the software should be user-friendly, issues-free, and more valuable. To attain this, you should choose the best leading Decentralized exchange development company - "WeAlwin Technologies". It is the highly recommended Decentralized Exchange development company around the globe. They provide a full suite of solutions on Decentralized exchange development and they always focus on client satisfaction.


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