Security is paramount in decentralized exchanges. Implementing multi-factor authentication (MFA), secure wallet integration, and encrypted communication channels is essential. Smart contract audits by reputable firms help identify vulnerabilities. Regular security assessments, bug bounty programs, and continuous monitoring are crucial. Additionally, decentralized exchanges should educate users about secure practices, such as avoiding phishing attempts and using hardware wallets. Robust security measures instill confidence in users and protect their assets.
source: https://www.blockchainappfactory.com/decentralized-exchange-development