🤔 What is DEX?
A DEX (decentralized exchange) is a trading platform that operates without intermediaries such as banks or traditional exchanges.
⭐️ Main features of DEX:
▪️ Control over funds: On CEX exchanges, users keep their money in the exchange's accounts, which can be risky if the exchange is hacked or decides to close. On DEX, users always have control over their funds, as they are in their personal wallets.
▪️ Liquidity: On DEX, trading can be less liquid (fewer bids and offers) than on centralized exchanges, especially for unpopular assets. This can lead to large spreads, which worsen your entry point.
▪️ Easy to access: To start trading on DEX, just connect your crypto wallet (e.g. MetaMask). No KYC required.
🔝 Best DEXs:
Uniswap ( https://app.uniswap.org/ ), 1inch ( https://1inch.io/ ) — EVM network
Jupiter ( https://jup.ag/ ), Raydium ( https://raydium.io/swap/ ) — Solana 0 reply
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