There has long been hacking of Decentralized exchanges, as these exchanges grow and add more blockchains and have more points of attack beyond the smart contract agreements (computer apps) with whats called bridging which is moving on one blockchain the crypto coin or token to another blockchain giving another attack point.
The developers are wanting to make ease of use and better customer experience with the exchanges and the wallets they operate with https://activerain.com/blogsview/5747525/setting-up-your-metamask-and-coinbase-wallets and they are making improvements with a popular word in development interoperability (working well with each other) peer-to-peer (P2P) marketplace is another term you might hear as a description for DEX.
Now what is the use of Decentralized exchanges well the word is popular in crypto worlds I previously wrote about DAO's decentralized autonomous organizations here
https://activerain.com/blogsview/5754239/what-is-a-dao
but decentralized exchanges allow you to take control of your crypto coins and not rely on a centralized organization like a coinbase that holds custody of your coins.
Dex (decentralized exchanges) allow members to add coins to be swapped for other coins and charges a process fee for the swaps so you want to look at what your being charged to swap and also check the smart contract address of the coin listings to make sure coinmarketcap.com or coingecko.com have the coin your swapping as the real blockchain it should be on thats being offered and coin matching what your picking up as you could pick up a user produced coin thats not backed by any blockchain or development team and or is named after a popular nft that doesnt have a coin issued that they try to trick you into picking up related so good to know what your buying or swapping.
Dex have become popular with more staking options, think of staking as a interest for your holdings, if you hold crypto coins you can get a return on your coins.
some of the top exchanges Uniswap https://app.uniswap.org/ https://pancakeswap.finance/ https://quickswap.exchange/ do your own research on which you would like to try, best practice is to send just a little bit to an exchange on first transactions to make sure you have all the settings correct and setup multiple wallets so you can not keep all your eggs in one basket in case of exchange hacks or downtime.
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