nickwilliams
New member
A decentralized wallet offers enhanced security by giving users full control over their private keys, reducing the risk of hacks associated with centralised exchanges. It ensures privacy, as users do not need to provide personal information to third parties. Additionally, decentralized wallet are censorship-resistant, meaning transactions cannot be easily blocked or controlled by external entities. They also support direct peer-to-peer transactions, promoting transparency and reducing reliance on intermediaries, which can lower transaction costs and increase efficiency.