DEX: The Rebel Future of Crypto Finance!

Hello crypto-adventurers! Today I'm going to tell you about my experience with DEXs, those decentralized exchanges that are making a lot of noise. After several years in this world, I have a few things to say about these platforms that promise to "free us" from fixers.

My Disappointment with Traditional Exchanges

I was so fed up with centralized exchanges! Having to upload my ID, photos, proof... and on top of that, waiting days for them to approve my account! A real nightmare. And of course, once I'm in, it turns out that my cryptos aren't even really mine - what a joke! They keep them in their "hot wallets", telling me that I can use them whenever I want, but under THEIR conditions.

How Do DEXs Really Work?

DEXs operate in a radically different way. Here I keep control of my private keys ( my cryptos, my rules!). There are three main types:

• On-chain order book: Everything is recorded on the blockchain. Maximum security, but slow and expensive.
• Off-chain order book: Faster but sacrifice some decentralization.
• AMMs: I love these. No waiting for someone to want to buy what I'm selling. An algorithm sets prices and I can swap instantly.

Why I Prefer DEX (Even Though They Complicate My Life)

DEXs have brutal advantages:

• They don't ask for my personal data (¡goodbye government control!)
• I can trade practically any token, even the newest ones that no traditional exchange would list.
• My money is MINE, no company that can go bankrupt or be hacked controls it.

But let's be honest, they also have their problems. I can't use my bank card to buy directly, and some like Uniswap only work with Ethereum tokens. And of course, if I make a mistake in a transaction... goodbye money! There's no technical support to save you.

The Inconvenient Truth

DEXs represent the true crypto philosophy - total freedom, but also total responsibility. Many in the community laud their virtues while conveniently ignoring their flaws.

And let's not kid ourselves, the large centralized exchanges continue to dominate the market because they are easier to use. Decentralization sounds nice in theory, but most prefer convenience over independence.

I use both as it suits me. Total freedom has its price, and not everyone is willing to pay it. What do you prefer?