Decentralization: DEXs operate on a distributed network, enhancing their resilience and resistance to censorship or interference. This means you can often trade crypto anonymously and quickly.

Non-Custodial: Users maintain control over their funds, reducing the risk of exchange hacks. This means you all you have to do is connect your Best Wallet to the DEX, trade normally, and then disconnect your wallet. You're in full ownership of your crypto at every stage.

Transparency: All transactions are recorded on the blockchain and, therefore, visible to anyone. You can use blockchain explorers like Etherscan to track all your transactions publicly.

Privacy: DEXs typically do not require personal information from their users. All you have to do is connect your Best Wallet.

Global Access: They are accessible from anywhere in the world, promoting financial inclusivity.

Complexity: DEXs are often less user-friendly, especially for beginners. Whilst some are easy to use, like Best DEX, they do require a level of knowledge on how to connect your wallet, and so on.

Liquidity: Often lower than CEXs, leading to potential price slippage. This depends on which DEX you use, and is less of a problem when trading larger cryptocurrencies like Tether (USDT), Ethereum (ETH), Bitcoin (BTC), and so on.

Speed: Transactions can be slower due to blockchain confirmation times. This again depends, and often DEXs are quicker in processing swaps and transactions, as there are no middlemen or centralized entities.

Customer Support: Typically limited or non-existent. This is because DEXs aren't strictly managed by a centralized organisation, but rather just hosted, much like a physical marketplace.

Ease of Use: CEXs often provide user-friendly interfaces, making them more accessible to beginners.

Liquidity: Due to their large user base, CEXs typically offer high liquidity, meaning large volumes of trades can be executed quickly and at stable prices. This means you can get truer exchange rates between cryptocurrencies.

Customer Support: They usually offer customer support services to assist users with any issues.

Regulation: Many CEXs comply with regulatory standards, which can offer a sense of security for users. Crypto regulations, including tax implications, change quickly and depend on your geographical location, and CEXs have to keep up-to-date on those changes.

Security Risks: CEXs are more vulnerable to hacks due to centralized control. This could be either your personal data, your crypto funds kept on the centralized exchange, or a wallet's private keys/secret recovery phrase.

Privacy Concerns: CEXs often require personal information for identity verification, including extensive KYCs, to use their platforms. This is often counterintuitive to users who own crypto for its privacy and anonymity.

Censorship: Subject to regulatory pressures and potential asset freezes. This happens when a country might change its crypto stance and therefore halt CEXs from operating in that location.

Accessibility: May not be available in all countries due to regulations. Again, this is a downside of centralisation.

Automatic Integration: Users of the Best Wallet app are instantly connected to 100s of major DEXs, with no additional setup required, making it easy and accessible to use.

Ease of Use: Best Wallet offers a straightforward interface, making decentralized trading more accessible.

Security and Control: Users trade directly from their wallets, retaining full control over their funds. Best Wallet or any DEX can't access your crypto without your permission, and you maintain full control of your wallet's private key.

No Registration Needed: Swapping crypto in-app stays true to the decentralized ethos, requiring no know-your-customer (KYC) checks and ensuring user privacy. The same goes for Best Wallet - there is no KYC process to receive, swap, or hold crypto.