Crypto Know How
What is DEX?DEX stands for Decentralized Exchange. A decentralized exchange is a platform that enables users to trade digital assets directly with each other, without the need for an intermediary or a central authority controlling the exchange.
DEX platforms allow users to retain control of their funds, as trades are executed directly on the blockchain through smart contracts.
DEX transactions occur on the blockchain, they are resistant to hacking or theft of user funds from a centralized exchange. Moreover, users maintain control of their private keys, reducing the risk of unauthorized access.
Overall, decentralized exchanges have gained popularity in the crypto space due to their alignment with the decentralized and trustless nature of blockchain technology.
Join Free Session @01:00
Contact Me
New Post
