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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. 

How Metalswap Is Decentralizing Swaps

25 Feb 2022 4 minute read 0 comments daniejjimenez

The first thing they warn us about when we learn about Bitcoin is “not your keys, not your bitcoins”. This simple phrase encompasses many concepts, which can be simplified into two words: decentralization and freedom. For those of us who value the fo...

How to save significantly on trading fees and time using CrowdSwap

25 Feb 2022 1 minute read 0 comments Markus84

How to save significantly on trading fees and time using CrowdSwap With the introduction of smart contracts and the rise of DeFi the gas fees on ETH have reached new highs. On top of that there are countless projects that makes it very time dependent...

Why Crypto? Why Now?

25 Feb 2022 4 minute read 0 comments SilverLineswap

Cryptocurrency is a buzzword in the investment industry these days. But what is cryptocurrency really? Have you heard of Bitcoin, Dogecoin, Litecoin, XRP or Ethereum? No, Wait! These are not embarrassing names for 90’s rock bands. They are actually a...


24 Feb 2022 3 minute read 0 comments SilverLineswap

Use cases are definitions of specific business goals that a system must achieve. Use cases define this process by describing the specific interactions between various external actors (or entities) that reside outside the system and the system to achi...

23 FEB 2022 (ADA)- Cardano (ADA) Report Card

23 Feb 2022 8 minute read 0 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...

What is BogSwap? Benefits of using a DEX aggregator to swap and trade tokens.

23 Feb 2022 4 minute read 0 comments Dave from Bogged

In this article we’ll explore BogSwap, a DEX (Decentralised Exchange) Aggregator that’s available on ten blockchain networks including BNB Chain, Avalanche and Polygon. Read on to find out how it works, and how you can benefit from using it, whether...

🔥 Oasis Network X Coinmarketcap || Learn & Earn $ROSE Tokens.

22 Feb 2022 1 minute read 1 comment FreedomBuilder

🎁 Total Reward: Get $10 in ROSE For 19,000 Random Winners. 🏦 Login to your Binance account & get your UID "User ID".  ✈️ Oasis Network Learn & Earn Program.

Rango Exchange: The DEX that Bridges Blockchains (Cross-Chain DEX Aggregator)

20 Feb 2022 2 minute read 0 comments CryptoCelt97

  I'm sure we've all been in that situation where you hold an x amount of a coin on a blockchain, and want to exchange it for a token on a different blockchain. This can usually turn into bit of a laborious process, since you'll have to swap through...

SpookySwap BOO: A Scary Decentralized Exchange on Fantom

20 Feb 2022 4 minute read 3 comments 2sats

*obligatory not financial advice*   What is SpookySwap? SpookySwap is the main DEX of the Fantom blockchain. It feels like every smart contract blockchain needs its own signature decentralized exchange. Ethereum has Uniswap, Algorand has Tinyman, Tez...

STARS/OSMO APR is going lower and lower everyday!

19 Feb 2022 1 minute read 2 comments Aldeneer

Hello OSMOSIS defi enjoyers, recently I noticed that STARS/OSMO APR percentage is going lower and lower everyday, I don't really know why is it happening but be aware that its happening before commiting into it.  Still I think it is worth delegating...