The Benefits of Decentralized Cryptocurrency Exchanges

The video discusses the benefits of decentralized exchanges, particularly in reducing hacking risks. It explains how Ethereum's smart contracts enable atomic asset transfers, maintaining user control. Airswap is highlighted as a decentralized platform with no fees, using a token model for access. The regulatory environment is evolving, with decentralized exchanges facing lighter regulations due to lack of asset custody. Despite market volatility, interest in blockchain technology and platforms like Airswap remains strong.

What is a key advantage of decentralized exchanges over centralized ones?

• They offer higher transaction speeds.

• Users maintain control over their assets.

• They provide better customer support.

• They have lower transaction fees.

How does Airswap differ from traditional exchanges?

• It charges higher fees.

• It acts as a bank and broker.

• It eliminates the need for a clearinghouse.

• It only supports fiat currency transactions.

What is a limitation of decentralized exchanges mentioned in the transcript?

• They have higher security risks.

• They require centralized fiat onramps.

• They are not compatible with Ethereum.

• They cannot handle large transaction volumes.

How does Airswap ensure compliance with regulations?

• By avoiding control over user funds.

• By having custody of assets.

• By controlling user funds.

• By partnering with centralized exchanges.

What has been the impact of market downturns on Airswap's platform interest?

• Interest has become negligible.

• Interest has shifted to other platforms.

• Interest has remained positive.

• Interest has significantly decreased.