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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. 

7 Reasons Why Considering Symbiosis

23 Mar 2022 6 minute read 2 comments ben06x

Crypto is implemented as an anonymous method of payment in a decentralized way, with some coins trying to fight the inflation of life by having a number in circulation limited, others trying to be the next way of daily life payment by having low tran...

A comprehensive guide on Symbiosis (the missing link that we really want)

23 Mar 2022 10 minute read 2 comments qsyal

A need that must be met: When I first entered the cryptocurrency space a few years ago, I was told that I was going into a world of freedom, independence, and anonymity. There are no limits, no censorship, and most importantly, no central entity to i...

SymbiosisDeFined , Revolutionizing the way tokens are exchanged between chains through symbiosis

23 Mar 2022 3 minute read 0 comments gregoricordova

                                                    There are 2 very notable problems in the world of cryptocurrencies today and I am sure that any user, novice or veteran, has had to deal with them at some point in their adventure in the blockchain...

Symbiosis Finance: Welcome to the Future of Swapping

22 Mar 2022 2 minute read 1 comment Lizzihx

            Symbiosis is defined as “being an interaction between two different organisms living in close physical association, typically to the advantage of both.” (Oxford Languages) Replace “organisms” with cryptocurrencies and you have the next ed...

Why THORChain's Integration with Terra Luna is A Big Deal for Both BTC and LUNA Communities?

22 Mar 2022 5 minute read 2 comments quantdoge

Investment Disclaimer: I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only. Past performance presented here is not an indicator of future per...

All You Need To Know About Symbiosis Finance - The Future Of Crypto Is Multi-Chain

22 Mar 2022 3 minute read 4 comments Cryptonator`s

I always thought and wrote that the future of cryptocurrencies is multi-chain. That's probably the reason why I am so excited about a project called Symbiosis Finance. Symbiosis Finance is a revolutionary DeFi cross-chains liquidity protocol that all...

Symbiosis in Finance is Positive for The Whole DeFi Ecosystem

21 Mar 2022 3 minute read 5 comments 0fajarpurnama0

Symbiosis in Greek means living together that consists of different species. Thus Symbiosis Finance by its definition is symbiosis in finance where in the case of decentralized finance (DeFi) is where every blockchain can live together. The idea is f...

Symbiosis’ 1-Click Cross Chain Swapping: Toward a Symbiotic Multi-Chain Crypto

20 Mar 2022 5 minute read 16 comments Stwrong Z

Interoperability is crucial for the mass adoption of blockchain technology. Every blockchain should be open for developing new value for its users as well as for other blockchains. The below article talks about how an emerging multi-chain ecosystem,...


19 Mar 2022 1 minute read 0 comments Jcvols

Have you ever needed to swap tokens from one blockchain to another? Of course you have, everyone has at some point. Well, with Symbiosis, you can now do just that in a very quick and simple manner. Just one look at the website's homepage, and you'll...

A Deep Understanding Of Symbiosis Finance

19 Mar 2022 6 minute read 0 comments RitabeII

Everything You Should Know About Symbiosis Finance  The digital token ecosystem is growing daily. New platforms with different merits to offer its users emerge the crypto space. Unfortunately, none has been able to satisfy user's cross-chain exchange...