Transparency and anonymity

All transactions on a decentralized exchange are recorded on the blockchain, providing a transparent and hack-resistant record of all transactions. This ensures that all users can trust the fairness of the exchange and that their transactions are executed according to their intentions.

Another advantage is the absence of a Know Your Customer (KYC) process on a decentralized exchange. This means that users are not required to provide personal information to use the exchange, providing a high level of anonymity for users. This can be particularly appealing to users who value their privacy and do not want to share personal information with a centralized organization.

The decentralized nature of the exchange provides a higher level of security for users. Without a centralized point of failure, there is no single point of attack for hackers. This means that users' funds are less susceptible to theft or loss in the event of a hack.

Additionally, the decentralized exchange provides a higher degree of autonomy for users. Without the need for approval or rejection of transactions by a central authority, users can transact at their discretion. This provides a higher level of flexibility and freedom for users