We can help you with your concerns. What is Decentralized EXchanges (DEXs)? Decentralized EXchanges (DEXs) are cryptocurrency exchanges that allow direct Peer-to-Peer (P2P) exchange of cryptocurrency over the Internet without any intermediary (company), while maintaining security. The advantages of DEXs are that it reduces the risk of cracking by intermediaries and maintains anonymity. The disadvantage of DEXs is that if a password or private key is stolen, it cannot be recovered, and there is no intermediary to contact. In contrast, exchanges such as MEXC and Gate.io are centralized exchanges where transactions are mediated by intermediaries. On centralized exchanges, if a ...