How to use a decentralized exchange

Before you can use a decentralized cryptocurrency platform, you need a software wallet (hot wallet). Unlike an account on a centralized platform, where wallet and security are generally handled by the platform itself.

A web wallet3 (hot wallet) means you’re on your own, and the risks of piracy are higher. So it’s imperative to be careful not to fall for scams on the web (on Twitter, web pages that look legitimate, etc.).

So make sure you take appropriate security measures to protect your funds and personal information when browsing decentralized applications.