988 Articles 68 Followers

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. 


19 Jan 2021 1 minute read 2 comments TimeWaster

HI everyone relase own token BFI :     Already pirice is 0.01 USDT per token on presale . i bought some tokens and put them on staking till 31.03 2021     Decision is yours !!    here is also my ref to BFI airdrop 200 bfi for join...

🔥New Blockchain Products This Week

29 Dec 2020 1 minute read 0 comments

New Products Added This Week! 💰 7 New #defi & 3 New #DEX to try for your #crypto trading🎨 3 New #marketplace to buy & sell #NFT🎮 1 New #social & 1 new #blockchain #game #dapp to enjoy yourself Find the latest #dapps at one-stop👇

Uniswap second proposal has been defeated

1 Nov 2020 1 minute read 0 comments Eli28

The second Uniswap proposal was defeated, this time by 3%, as it did not reach the 40 million votes required. Many wallets did not receive the first and "famous" airdrop, this second airdrop which was characterized by giving another 400 UNI to 12,619...

How to trade at Tronwallet App

29 Sep 2020 1 minute read 0 comments snars2020

How to Trade at Tronwallet App.    Check it out my new video on how to Trade at Tronwallet app. You can trade at POLONI decentralized exchange within the Tronwallet app using their dapp browser.     Please don't forget to like, subscribe and hit the...

Uniswap (Uni) Airdrop for early adopters

17 Sep 2020 1 minute read 0 comments Mozzie

Uniswap owes its success to the thousands of community members that have joined its journey over the past two years. These early community members will naturally serve as responsible stewards of Uniswap.49 million UNI are claimable by historical liq...

ViteX Launching One-Year Anniversary Dual Campaign!

14 Sep 2020 2 minute read 0 comments Vite Labs

ViteX, the decentralized exchange built on the Vite public chain, went live on July 30, 2019. It is a truly decentralized exchange with on-chain matching engine/trade settlement and dividend sharing via its platform coin, all implemented as smart con...

BESTSWAP (BETC) DEX Exchange - The First DeFi DEX of Asia "New Airdrop Round on Tron Blockchain"

27 Aug 2020 1 minute read 0 comments FreedomBuilder

  📣 BETC Will be listed on Bestswap and Justswap soon. 🎁 Total Reward: Receive up to 10000 BETC and 2000 BETC per referral for easy social Tasks. (Follow only on Telegram & Twitter) 💎 Start Bestswap Telegram Airdrop Bot. 🔶 Airdrop Terms and condition...

Why Swap USDT?

14 Aug 2020 1 minute read 0 comments Zethyr Exchange

Zethyr Swap Introduction Why Swap USDT ? Lowest fee, instantly and securely Swap right away with your TRONLink or any TRON wallets No registration, deposit or withdrawal Swap USDT...

Types of cryptocurrency exchanges

17 May 2020 1 minute read 0 comments Tash356

There are various cryptocurrency exchange that dominate the crypto space and this short post is meant to give you knowledge on how to distinguish one from the other. Basically, there are  two types of cryptocurrency exchanges namely Centralised  and...

Loopring Exchange Launches Referral Program

30 Apr 2020 2 minute read 2 comments LRC Moderator is launching its referral program today. Inviting friends to the exchange gives you up to 60% of their trading fees, and your friend receives up to 20% of their trading fee back. It’s as easy as getting your referral link, inviting friend...