Decentralzied Exchanges

A decentralized exchange (DEX) is a peer-to-peer cryptocurrency exchange that operates on a decentralized system, where users retain full control of their funds and trades. DEXs offer greater security, privacy, and censorship-resistance, as they are not controlled by a central authority or single point of failure. However, they often suffer from low liquidity, slow transaction speeds, and limited trading pairs. DEXs use blockchain technology to facilitate peer-to-peer trading and can operate on a variety of platforms, including Ethereum and Binance Smart Chain.

Last updated 1 year ago