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[13:54-14:18]
So why would anyone bother with a DEX Well for one thing crypto asset access is complete This is the single biggest reason people use DEXs Cryptos are born live and die through transactions on chain Sex listed cryptos are only a fraction of the crypto assets that actually exist albeit they account for most of the total crypto market cap
[14:18-14:42]
This also means that if you want to dabble in freshly launched cryptos you have to use a DEX If you want to trade something obscure experimental or early stage it's on a DEX or it doesn't exist This is where memecoin traders operate The people chasing ten thousand DEX returns aren't using Coinbase They're on DEXs buying tokens at fifty thousand dollar market caps before they hit five hundred million dollars
[15:03-15:07]
And of course self-custody eliminates counterparty risk
[15:07-15:20]
All those horror stories about sexes freezing withdrawals or worse just imploding and taking your crypto down with them that doesn't happen on DEXs Your funds sit in your wallet The DEX can't freeze them lose them or steal them
[16:42-17:01]
So the trade-off is clear DEXs require more setup more responsibility more technical knowledge But they give you access to more assets lower fees self-custody and potential airdrops For people who've been in crypto long enough to watch centralized exchanges fail the friction seems worth it


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