| | Traditional exchanges | | | NVO | | | |
| | Centralized | | | Decentralized | | | |
| | Competitive fees | | | Competitive fees | | | |
| | Exit Scam/hack Risk | | | No risk of exit scam/hack. | | | |
| | Private keys owned by the exchange. | | | Private keys owned by individuals. | | | |
| | Privacy loss due to registration and verification tiers. | | | No privacy loss. | | |