DEX promotes Peer-to-peer trading, enabling users to directly transfer funds from one person to another with no third-party involvement. Yet, it has drawbacks, like users are supposed to deposit crypto into their crypto wallet to make transactions. Also, it requires KYC verification and crypto wallet integration.
I didn't know that some DEX's have KYC verification? Are you sure about that or I just wasn't aware of it?
Privacy - KYC is not involved here, as mentioned before, so there will be no private information leakage
I think you are being redundant and inconsistent with your topic. Previously you said it requires KYC, then now, KYC is not involved?
DEX is probably one of the best ways to obtain some of the coins that you might find interesting but a lot of scam coins can be given as well. So everyone should be careful on it as well. I hope no one gets scammed like that.