Decentralization
Since DEXs are not controlled by any central authority, users retain complete control over their funds. This removes the risk of a central exchange being hacked or the possibility of a platform restricting access to your funds.

Privacy
DEXs generally do not require users to provide personal information to trade. This enhances user privacy and anonymity, a key advantage for individuals who prioritize secure and private transactions.

Security
On centralized exchanges, funds are stored in the platform’s custody, making them attractive targets for hackers. With DEXs, since users retain control of their private keys and wallets, they significantly reduce the risk of large-scale hacks. Furthermore, many DEXs utilize smart contract audits to ensure the security of the platform’s code.

Lower Fees
While DEXs often charge smaller fees than centralized exchanges, they do require users to pay transaction fees on the underlying blockchain. These fees are typically lower than the fees charged by centralized platforms, and many DEXs reward liquidity providers with a share of the transaction fees generated.

Access to a Wide Range of Assets
Many DEXs support a broader array of tokens compared to centralized exchanges. As long as the asset is supported on the blockchain network of the DEX, users can trade almost any cryptocurrency.

Global Access
DEXs are accessible globally, and users can trade from anywhere without the restrictions imposed by centralized exchanges, such as KYC (Know Your Customer) processes or geographical limitations.

Ownership and Control
With DEXs, users maintain full control over their private keys and assets. There is no need to trust an external party to manage your assets. You are the sole owner and decision-maker when it comes to your cryptocurrency.