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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. 

🥑 Why do CEX Flows Matter in Crypto? How to Trade Net CEX Flows? 4 New Signals

1 Jul 2022 2 minute read 1 comment Candlestick

  Centralized Exchange flows analytics is based on monitoring cryptos moving in and out of CEXs by analyzing on-chain transactions. It records a money flow of a particular token transferred to and from centralized exchange wallets to evaluate invest...

Diffusion Finance DIFF: One of the Biggest DEXes on the Evmos Blockchain

25 Jun 2022 3 minute read 0 comments 2sats

*obligatory not financial advice*   What is Diffusion Finance? Evmos is a new blockchain that is known for its high interoperability with both Ethereum and also the entire Cosmos network. Diffusion is a decentralized exchange on this new blockchain....

📢 Position Exchange 👉 $POSI Learn To Earn Event!

26 Jun 2022 1 minute read 0 comments FreedomBuilder

  📈 $POSI is already listed on Bybit, Kucoin & Gate.  🎁 Total Reward Pool: $7 worth of $POSI For 500 Random Participants. 👉 Visit POSI Airdrop Form & complete the Quiz.

How to short SHIB on Logium?

28 Jun 2022 1 minute read 0 comments DeFicrusher_

The new P2P betting system allows users to take bets on any crypto available on Uniswap. Below we will show you how to use Logium to easily short the well-known Shiba Inu coin, or in other words, bet with someone that the price of the coin will go do...

Generate A Safe And Steady Passive Income Stream With Biswap Fixed Staking

6 Jun 2022 3 minute read 3 comments Cryptonator`s

Biswap, one of my favorite Decentralized Exchanges, has a new cool feature called Fixed Staking. Fixed Staking is a unique opportunity for Biswap users to generate passive income. Let me explain what Fixed Staking on Biswap is and how it works.   Wh...

SpookySwap 1: DEX on Fantom network

22 Jun 2022 1 minute read 0 comments Franz Crypto

Everytime I mentioned SpookySwap it was a success in terms of visits and tips, so I'll do a little fanservice writing a serie about it. I started with SpookySwap because I had to manage the tips in STA, here you can find the story and I find myself t...

What is the Difference Between a CEX and a DEX

22 Jun 2022 4 minute read 1 comment AndrewCF

If you are just getting started with cryptocurrency and setting out to join an exchange to buy your first cryptocurrency, then you may have come across the terms DEX (Decentralized Exchange) and CEX (Centralized Exchange), but what is the difference...

The BEST DEX on BSC Chain. Thank me Later.

24 Jun 2022 1 minute read 0 comments jOrkinsO

Hi guys! I am accumulating more passive income with crypto and especially with projects on the BSC chain. One of my favorite yield farming projects is BiSwap. It has a large community and the BEST DEX so far (in my opinion) on BSC Chain. When you tra...

How to Trade on PancakeSwap with Limit Orders, Stop Loss Orders, and Trailing Stop

19 Oct 2021 2 minute read 1 comment Charles Gune

Learn how to setup limit orders on Pancakeswap for any trading pair. If you are like me, I am tried of constantly checking on Pancakeswap or BakerySwap for best price to purchase a token. If you are itching for limit order that you are accustomed on...

I only know that I know nothing

22 Jun 2022 2 minute read 0 comments The Crazy Dude

Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet! You can use this link to win your tips or become a new writer in Publish0x  "I only know that I know nothing" is probably the most well-known phrase of all those attributed...