Let us compare Bitshares Decentralize Exchange in Centralize Exchanges. For example a safe key and an ATM. ATM (Centralize Exchanges) are prone to hacks and scams, once your money is stolen in your ATM there’s no way you can retrieve it back, it can be either Identity Theft or Account Phishing or even they can steal your money with help from inside your bank itself. Yes, it actually happened. Trusting your money to others can be difficult even banks steal money from its clients. Now let’s move on to safe key (Decentralize Exchange). The only way to steal your money is to break in to your house and crack open your safe or duplicate your key physically.
The most trusted person you can trust is yourself. It’s a good practice to always back up your wallet and safely store your keys without any network access. For example you can store it a flash drive and remember always have a backup. Saving everything in a single backup can be frustrating sometimes you’ll never know when your device will fail, it’s a good practice to always do multiple backups. Safely store your device where you and only have the access to safely store and retrieve your backups.
Even in your Bitshares wallet you can trade your crypto to other crypto with the use of internet access. Compare to centralize exchanges where you store your money in their wallets (not yours). This is the best part, what if they decide to delist your crypto? In worst case scenario if you are a long term investor and not frequently checking your centralize exchanges. Your money is gone forever. Yes, they can do that since your money is in your money is in their wallet and the only thing you can do is issue a report and hoping for your money to comeback, chances are they’ll just ignore you.
Bitshares DEX you can exchange your crypto to other crypto for just a cost of $bts0.01213. Even when exchanging huge amount of crypto, it will just cost you $bts0.01213. Unlike in centralize exchanges where they take a percentage amount in your trade which can lead to huge loss and disadvantage especially if you are trading in small increases.
Bitshares Decentralize Exchange is growing day by day. Centralize Exchanges didn’t start with 100,000 users with in just a month, centralize exchanges community grows slowly. Now Bitshares Decentralize Exchange is offering you and investors alike a better community that Centralize Exchanges has failed to offer. Your money is in your wallet, you secure your own money, exchange your crypto in other crypto using your Bitshares wallet, trade at low cost for only $bts0.01213.
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