Review on Binance DEX by Jesmin Akter
Binance DEX exchange review.
In February 2019, Binance DEX was introduced to serve those who love confidentiality as a decent alternative to its CEX version, because no personal information is necessary. The same team that manages the controlled exchange Binance is also responsible for this.
There are a lot of advantages to being a decentralized exchange, for example, that there isn't a third party and that you don't have to keep your coins in any centralized system, instead every day you manage your key, which means you have the security of your account.
DEX exchange servers scattered all over the world, allowing it to be reliable as no downtimes occur, even if another server develops a problem. If you appreciate privacy, then consider Binance DEX, which is user-friendly, safe and secure.
Pros
- It's user-friendly, thus unlike other DEX, the overview isn't difficult to grasp.
- Because it is a decentralized exchange, you have complete control over your cash.
- Trading charges are minimal.
- It's the effort of the Community.
Cons
- No deposit of fiat.
