Welcome to Crypto Weekly, the show that keeps you up to date with the latest news and developments in the cryptocurrency space.
Today we’re talking about DEXs, or decentralized exchanges. These platforms have become increasingly popular in the crypto space because they offer users the ability to buy and sell crypto assets without having to trust a central authority.
Unfortunately, many of these DEXs are not as decentralized as they claim to be. In fact, some of them are actually just centralized exchanges masquerading as decentralized ones.
That’s why it’s important to do your own research before investing in any DEX. Make sure that the platform is actually decentralized, and that it is not a scam.
It’s also important to be aware of the risks associated with using a DEX. For example, they are subject to hacking and other cyber security threats.
Finally, remember that no crypto asset is 100% secure. Always be sure to practice safe trading habits and only use trusted exchanges.
That’s all for this week’s episode of Crypto Weekly. Until next time, stay safe and keep up to date with the latest in crypto.
