business@nmkr.io
Trading ADA on decentralized exchanges (DEXs) offers several advantages over centralized platforms:
1. Enhanced security, as you retain custody of your funds.
2. No need for KYC, preserving privacy.
3. Access to a wider range of Cardano native tokens.
4. Potential for lower fees, especially for large trades.
5. Immediate settlement of trades.
6. Transparency of order books and liquidity pools.
7. Ability to participate in liquidity provision and earn additional rewards.
8. No risk of exchange hacks or insolvency.
However, users should be aware of smart contract risks and the need for self-custody responsibility.
