DEX

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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. 


A comprehensive look at fees across Spot Exchanges

25 Apr 2020 1 minute read 0 comments milionarioo

And you...what exchanges do you use? What about DEX exchanges? Let me know in the comments.

Honeygain - Earn even more - The Content Delivery

25 Mar 2020 1 minute read 5 comments Ykretz

Few days ago I wrote a Post about Honeygain. This software that share your bandwidth and rewards you at 1¢ for 10MB.  I said that they tried to add other features and on my computer there was a little button with "Content Delivery Off" written on it....

Dex is a bit of an outsider

24 Dec 2019 1 minute read 0 comments Cletus Habila

Dex is a bit of an outsider when it comes to bot trading. Rather than working with individual exchanges and API keys, you have to buy their token. These tokens or coins are then pooled and used by a fully autonomous system that basically has 3 overar...

A Dropil investment works double duty

24 Dec 2019 1 minute read 0 comments Cletus Habila

A Dropil investment works double duty in that you can hold your coins to allow them appreciate in value or you can use them to pay for services on their automated trading platform. Their bots will look to perform profitable trades for you automatical...

What risk level is right for me? Earn with dex

13 Nov 2019 1 minute read 0 comments Matthew Nyor

Every person is different, generally, people tend to favor low-risk strategy for short-term and high risk for the long term. You can create additional Dropil accounts to test different strategies and find out what works best for you  

INSTANT BUY of TRON (TRX) Token Network

2 Sep 2019 1 minute read 0 comments Okane Satoshi

Do you love TRX and TRX TOKEN? CRYPTOPRESS.CASA Required TronLink Chrome extension. Instant Buy TRON Token Listed. WINk TERC TWX BTT BetaPack DEC ICD IGG LVH POPPY SCC SCT SEED SGPromoCard BLAZE TRUC TSY BNKR UP VCOIN VOID 888   BUY TRON TOKEN NOW!  

A Quick Review Of Kyber Network

19 Aug 2019 4 minute read 3 comments Rumi

Overview Kyber Network іѕ а decentralized platform fоr converting and exchanging digital assets. Bеѕіdеѕ іtѕ decentralized exchange platform,  the project аlѕо offers payment APIs and а contract wallet, which аllоwѕ users tо receive and process pay...

Aeron CBM Token Listed

16 Aug 2019 1 minute read 2 comments razeiv

Aeron, a Blockchain startup that digitalizes and secures aviation logbook data, announced that CBM, the token of its sub-project CryptoBonusMiles, had been added to Binance DEX. The users of the second largest decentralized exchange were able to st...

Bankdex; MaximumUser Protection With BankDex

28 Jun 2019 2 minute read 5 comments tarangogu

Digital money, a decentralized currency, first emerged in 2009 and are becoming increasingly popular. Users can control cryptocurrencies without the need for a traditional financial institution. However, this has some difficulties. To register with e...

The Uniswap Airdrop Is Now Worth $12,000

18 Mar 2021 2 minute read 0 comments Austin Reihl

Uniswap (UNI) is the world’s leading decentralized exchange (DEX) and automated market maker (AMM) on the Ethereum (ETH) network.   UNI provides means for users to create liquidity pools for any token based on the ERC-20 protocol standard and trade t...