Decentralized exchanges (DEXs) carry risks like smart contract bugs, scam tokens, impermanent loss, front-running, low liquidity, and high gas fees. They lack customer support, regulation, and are vulnerable to phishing. While offering privacy and control, users face potential fund loss due to technical flaws or user errors. DEXs require more caution and experience than centralized platforms. For the more details contact a decentralized exchange development company.
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