Post
Topic
Board Altcoin Discussion
Re: Dex exchanges are safe?
by
nutriagrigia
on 15/08/2019, 06:04:49 UTC
I've been using dex exchanges like ddex, switcheo. They asked to connect wallet through metamask or trust wallet, I'm an android user so I'm using trust wallet to use these exchanges, i wanted to ask when we connect our wallet to a specific exchange is there any possibility to stole funds anyhow?

The Dex you mentioned I have used and I think the two DEXs are safe for transactions. The problem with DEX is that transaction volume is small compared to centralized exchangers, but if we don't want to do KYC on centralized exchangers, DEX might be a rational choice.
Dex also has its own very big plus. this is that we do not need to transfer our money to the exchange. this ensures the safety of funds storage