What is a decentralized exchange (DEX)? A DEX is a platform that enables peer-to-peer trading of cryptocurrencies without the need for intermediaries, such as centralized exchanges. This means that users can buy and sell cryptocurrencies directly with each other, without having to trust a third party. DEXs use smart contracts to facilitate trades, ensuring that transactions are transparent, secure, and trustless.

Trader by day, traveler by heart. I trade and wander.

DEXs offer unparalleled security and transparency, as trades are executed directly between users without the risk of intermediaries compromising market integrity.