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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. 

Cointracker Crypto Tax Compiler - Why Tax Reporting Pisses Me Off

2 Feb 2022 2 minute read 0 comments R23

Image Source   I personally don't understand how we as a society (America specifically here though I think it is the same around the world) allow for such heavy taxes to be imposed upon us without a real say in how they are spent and why tax returns...

Benefits of yield farming on STARS/OSMO pool [Not a financial advice]

28 Jan 2022 1 minute read 0 comments Aldeneer

Osmosis is the top DEX for cosmos hub related cryptocurrencies, but you probably know that already, what you might not know is that you can earn a pretty penny yield farming there. It is also very easy! But this article is not a tutorial on how to fa...

AngryKitty: Joy, Increased Creativity, Charity, and Gaming all in a Meme

27 Jan 2022 3 minute read 0 comments Crypto Guys

Memes have developed greatly in recent years into a much sought-after asset. Its success can be tied to its comprehensive usability cases and advanced creativity. These qualities have made it loveable to millions of people across the globe who have c...

Ignite Chain is the next generation public blockchain protocol aimed to escalate decentralized economy by providing low-cost, fast & secure transactions

27 Jan 2022 2 minute read 0 comments JaksHitam

In a decentralized market, innovation empowers financial backers to manage each other as opposed to working from inside a brought together trade. Virtual business sectors that utilization decentralized cash, or cryptographic forms of money, are insta...

How to Stake $ASTRO Token in AstroSwap to Earn 100% APY on Up Comming DEX on Cardano

24 Jan 2022 2 minute read 0 comments Charles Gune

Learn how to Stake $ASTRO Token in AstroSwap to Earn 100% APY on Up Coming DEX on Cardano.  As of shooting this video Astroswap dex will be launched little over 4 days. Swap and Lottery is coming after the Main DEX go live. However as of shooting th...

ViperSwap: The First Decentralized Exchange on Harmony ONE and part of the VenomDAO Basket

23 Jan 2022 3 minute read 2 comments 2sats

*obligatory not financial advice*   What is ViperSwap? ViperSwap is a DEX that enables decentralized trading for tokens on Harmony ONE which is one of the most popular smart contract blockchains that uses sharding for scaling. The ViperSwap DEX works...

Centralised exchanges vs Decentralised exchanges- Which is the Choice?

22 Jan 2022 1 minute read 0 comments Saikartix

You must be thinking which is better, I'll help you out in some simple steps. Stay tuned. Centralised exchanges: Some of them are Binance, KuCoin, OEX, Kraken, Coinbase, Bityard to name a few. There are few cons here: You need to submit your Identi...

StaFi’s rDEX: A Wrong Move or A Masterstroke?

22 Jan 2022 3 minute read 0 comments RitabeII

Staking Finance (StaFi) just launched the testnet of its decentralized exchange for the trading of rTokens. . While it’s a welcome development, there are ongoing debates regarding the necessity of such a move.  StaFi Protocol has partnered with sever...

Tellor community call January 18th 2022 

19 Jan 2022 19 minute read 0 comments Tamsay

Links  Youtube link:  Project website:  Twitter:  Discord:  Reddit:

Gawd I hate centralized exchanges

19 Jan 2022 3 minute read 3 comments Kovichni

To get directly to the point; Yes they can be very economical. By that I mean I got me some iExec years ago for only 0.40 cents in fees, while doing the exact same on Uniswap or 1Inch today.....well   Those involved in Crypto and decentralized excha...