What is a decentralized exchange (DEX)?

A DEX is a platform that allows users to trade cryptocurrencies directly with each other, without the need for intermediaries like centralized exchanges. Decentralized exchanges operate on blockchain technology, ensuring transparency, security, and autonomy for traders.

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

Decentralized exchanges offer a more secure and transparent way to trade cryptocurrencies, as transactions are recorded on the blockchain and don't rely on intermediaries.