Decentralized exchanges have proven to be a good alternative for those who believe in 'not your keys, not your coins.' And now they are more user-friendly.
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Instead, they need to trade directly from their noncustodial wallets. Because of this, users need to pay gas fees every time they place an order, so if they make a mistake, they lose money in the form of wasted gas. This is a problem that is still faced by current decentralized exchanges, but the improved user interfaces make it easier to traders to place orders without making a mistake.
Today’s decentralized exchanges also use a much more minimal user interface, which differs from the past’s clunky and complicated order book style DEXs. The user-friendliness of modern DEXs is also evident by the larger number of crypto investors using them to buy low market cap coins in the 2021 bull market.
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