What are the benefits of a decentralized exchange?

[shoreno]

There are many benefits of the decentralized exchanges, including their low fees compared to centralized ones, and also you don't have to expose your identity for them or completing a KYC, in short you aren't controlled by anyone when trading in DEX which is a great advantage.

Highly anonymous and seucred form of exchange is decentralized exchanges still you need to be careful while linking your wallet to DEX or storing your private keys because there might be clone sites which saves your data and reaccess them to the original site then you will be found everything stolen.

those are called phishing or phished web sites  .they are simmillar to the original website but they are not safe and they only want to hack people's account  . dex is i think more risk than centralized exchange and its not really beneficial at all to use  in my own opinion   . i love dex because i hodl alot of tokens that can be usually traded on a dex but their trading value is small . if i only have top coins on my wallet i will still prefer cex

[Thanasis]

There are many benefits of the decentralized exchanges, including their low fees compared to centralized ones, and also you don't have to expose your identity for them or completing a KYC, in short you aren't controlled by anyone when trading in DEX which is a great advantage.

Highly anonymous and seucred form of exchange is decentralized exchanges still you need to be careful while linking your wallet to DEX or storing your private keys because there might be clone sites which saves your data and reaccess them to the original site then you will be found everything stolen.

those are called phishing or phished web sites  .they are simmillar to the original website but they are not safe and they only want to hack people's account  . dex is i think more risk than centralized exchange and its not really beneficial at all to use  in my own opinion   . i love dex because i hodl alot of tokens that can be usually traded on a dex but their trading value is small . if i only have top coins on my wallet i will still prefer cex

When everyone starts using DEX the trading volume increase so this is not a problem of the future but the phishing sites need to be reported as soon as we get to save newbie losing their funds.

[milandres0207]

As the number of crypto tokens increases, so does the need to convert and redeem crypto tokens. About centralized exchange we have knowed a lot, and can anybody tell me something about decentralized exchange? and What are the benefits of a decentralized exchange?

I know that most of the exchange that are good to be use was decentralized platform, because aside from the were the only one who an access to our own account and no need for KYC too. But the top exchange always listed in the market was centralized. Though, decentralized or centralized are both prone to hacker.

[arpon11]

As the number of crypto tokens increases, so does the need to convert and redeem crypto tokens. About centralized exchange we have knowed a lot, and can anybody tell me something about decentralized exchange? and What are the benefits of a decentralized exchange?

I sold some of the tokens/coins i do earned from the bounty and other bonuses from investing into ico easily because i or some one has launched or listed those tokens in a decentralized exchange like forkdelta,  etherdelta or any of the decentralized exchange. I see this as a great benefit because it gives power to the holders to be able to decide what they want to do with their money at any particular period of time. It is far and absolutely secure than the centralized exchange and that is because you hold your private keys.