DEX security risks
You've heard the crypto mantra: "Not your keys, not your coins." So you decide to try a decentralized exchange (DEX) to avoid the risks of centralized platforms like FTX. But when you're about to swap $50,000 worth of tokens, something feels... off. The
DEX security risks
Imagine walking into a bank to exchange $50,000 cash, but instead of bulletproof glass and armed guards, you're doing it in a bustling marketplace where pickpockets, counterfeiters, and con artists roam freely. That's essentially what large cryptocurrency swaps on decentralized exchanges (DEXes) can feel like.
decentralized exchange safety
A friend lost $12,000 on a "100% safe" decentralized exchange last month. Not to a hack—to a simple mistake with their wallet seed phrase. Meanwhile, another friend's funds sat secure on Coinbase through multiple market crashes. So which is actually safer: decentralized exchanges (DEXs)