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A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way on a distributed ledger. One of the first DEX’s was launched in 2014 by the team behind the NXT cryptocurrency. Since then, a multitude of decentralized exchanges have launched but they are still very much in their early stages. 

Unlike centralized exchanges (CEX), which operate from centralized servers and are controlled by a central authority, DEX’s operate on a blockchain and enable peer-to-peer trading of cryptocurrencies. This is the primary difference between centralized and decentralized exchanges, but there are also many more:

Anonymity: Decentralized exchanges grant their users full anonymity, while centralized exchanges generally need to comply with KYC (know your customer) and AML (anti-money laundering) laws. 

Control of Funds: At centralized exchanges, users must trust their money to a third party. Their crypto funds are held by the centralized exchange, not the user. With decentralized exchanges, the user controls their funds as they make transactions directly from their personal wallets.

Hacks & Server Downtime: Centralized exchanges can be hacked and have downtime because they have central points of failure for hackers to target. Decentralized exchanges are impossible to hack because all participants are servers and if someone is hacked, the DEX will not notice and continue running. 

Open Source: A true decentralized exchange is completely open source so that anyone can open its code and see the algorithms and technologies it uses. With centralized exchanges, everything is privately owned and the user cannot identify what algorithms are being ran or technologies being used. 

InfinitySwap: Can It Take Internet Computer DeFi To The Next Level?

19 hours ago 3 minute read 2 comments Moses On-Chain

What Is InfinitySwap? InfinitySwap is an Internet Computer built DeFi platform for swapping, staking, and creating tokens. InfinitySwap was co-founded by Max Chamberlin and Alessandro (Alex) Rietmann with investors including Polychain Capital, Paraf...

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19 Sep 2022 5 minute read 0 comments El Dorado Exchange

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18 Sep 2022 1 minute read 5 comments PVMihalache

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15 Sep 2022 2 minute read 0 comments ShadowCrypto

Biswap New Double LaunchPool - Earn BSW & EOS Once again, you have the chance to grab nice APYs and earn crypto during the bear marketNow, You can earn BSW & EOS, Let's go.   Are you ready? Innovating in...

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14 Sep 2022 5 minute read 5 comments CryptoSorted

One of the most innovative DeFi products is the Biswap multi-reward pool which gives you 4 different tokens. In, this post, I will share with you everything you need to know about the Biswap multi-reward pool and how to use it to grow your portfolio....

The New Crypto Multi-Reward Pool on Biswap DEX

14 Sep 2022 3 minute read 2 comments Cryptonator`s

The Biswap DEX has introduced an innovative new feature that lets you earn even more crypto rewards. This new lucrative feature is called Multi-Reward Pool. Let's check out what the new Multi-Reward Pool on Biswap is and how it works. What is the Mu...

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13 Sep 2022 3 minute read 0 comments Ankr Network

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12 Sep 2022 3 minute read 5 comments Cryptonator`s

Biswap DEX has been invited to join the Binance Blockchain Week in Paris as one of the TOP projects built on the BNB Chain. Even if you can't make it to Paris yourself, you have the possibility to participate in awesome offline events like the Biswap...

Enjoy the lowest trading fees and passive income opportunities on Biswap

10 Sep 2022 2 minute read 3 comments CryptoSorted

As a crypto trader, one of the major costs of doing business is the trading fees. The lower the trading fees you have to pay, the more of your profit you get to keep. And that's why many people love to trade on Biswap. What is Biswap? Biswap is the s...

How to Maximize Portfolio in Closed Beta. Case 5: DEX Arbitrage

9 Sep 2022 2 minute read 0 comments Equilibrium

Dear Equilibrians, if you haven’t followed us lately, we’ve got massive news: we’re launching our Closed Beta phase, where you can be one of Equilibrium’s first users and explore our key functionalities. Plus, a $40,000 reward in EQ is lined up for p...