DEX vs. CEX privacy regulation: Which is better?
Asked a year ago
Hi guys, I'm wondering which exchange would be more secure? I'm looking for something that has a great liquidity pool and strong regulatory measures.
Tuesday, May 24, 2022
Privacy is the primary reason why people prefer DEXs to CEXs. DEXs do not have log in procedures, no KYC, and no requests for personal documents. In addition, DEX transactions do not share data with third parties. Hence, DEXs enable the preservation of user information and privacy. A DEX is free from government regulations, financial requirements, and monitoring. Traders face each other on a peer-to-peer basis, and there is no intermediary to confirm transactions. Generally, DEXs advocate for user privacy as initially championed by Satoshi Nakamoto, the Bitcoin creator.
Sunday, September 18, 2022
Regarding the privacy aspect of exchanges, decentralized ones (DEXs) are always better. Unlike CEXs, DEXs don't require you to submit your personal information or a government-issued document. All you need to do to use a DEX like UniSwap is to just connect your crypto wallet. So, you can rest assured that DEXs are more privacy-oriented as they never even ask for your information at all.
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