Serum (SRM) is a decentralized exchange (DEX) that is built on the Solana blockchain and is completely permissionless. Serum is open-source and allows for unprecedented speed and low transaction costs to decentralized finance.
Solana (SOL) is a high-performance blockchain that Serum and Bonfida are built on. Having access to the Solana blockchain enables real-time transactions at a fraction of a cent. ($0.00001 per a transaction)
Bonfida offers the advantage that your coins remain in your wallet, compared to traditional exchanges where you send your funds to be ‘managed’ on their behalf. The Bonfida DEX ensures that you always remain in the custody of your funds.
It should be noted that the individual should ensure they have adequate antivirus security and securely store their wallet and its details.