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. 


First DEX With 0% Fees

18 Mar 2020 2 minute read 7 comments Ed-california

So in this time of panic in the crypto space, I’ve turned my attention to finding something or the other to keep me going and distract me from all the red in the market.  It didn’t take me long to find something. The Loopring team announced that they...

DEX VS CEX, WHAT THE HELL DO THEY MEAN🤔🤔

15 Mar 2020 2 minute read 0 comments Franklinlee

  With the rising adoption of Cryptocurrencies, there was a need for places to either buy these Cryptocurrencies or exchange them for physical Fiat. That's where Crypto exchanges come into the picture. An exchange is a market place for cryptocurrenci...

Safeguarding Customers on CEXs: What's Being Done and What Can Be Done [An Analysis]

14 Mar 2020 6 minute read 4 comments ankarlie

Image Source   Due to the many risks associated with using centralized cryptocurrency exchanges (CEX) one would wonder what steps have been done by CEX operators to mitigate them. Truth be told many CEX operators have been seeking ways to ensure t...

1inch.exchange Introduction

14 Mar 2020 1 minute read 3 comments TechShooter

1inch.exchange is a DEX aggregator, it helps to find the best price, it "Achieves best rates by splitting orders among multiple DEXes in one single transaction". You can choose the Limit additional price slippage and the GAS fee of the transaction. T...

Goodbye Middlemen - Become your own Central Bank

12 Mar 2020 2 minute read 0 comments Agorise

OTC is the future... aka: "Tellers" Centralised Exchanges will sell you cryptocurrencies like Bitshares (BTS), Bitcoin (BTC) and Monero (XMR), but the fees they charge, the risk of your ID being stolen, the ever-increasing regulations and taxation,...

Centralized vs Decentralized Cryptocurrency Exchanges - What's the difference?

10 Mar 2020 5 minute read 3 comments ChangellyOfficial

For the past few years, the term cryptocurrency is well known to everyone. Cryptocurrencies are of interest due to their security and reliability, moreover, they can not be faked. With the popularity of coins, the demand for exchanges where they can...

What is Loopring (LRC)? [A Comprehensive Guide to Understanding Loopring]

7 Mar 2020 6 minute read 24 comments Mr.CryptoWiki

Loopring (LRC) is a pioneering decentralized protocol project that is experiencing a lot of discussion. Here I'll write all about it. You can also check out my other guides, such as Hydro (HYDRO), Basic Attention Token (BAT) and OmiseGO (OMG). Decent...

Earn money doing nothing! BTC, ETH, and USDT will come to your balance every 24H

7 Mar 2020 6 minute read 5 comments beareader

Preamble OK let's not lose time with preambles, so you want to earn BTC, ETH, and USDT (with a ROI of approx. yearly 110% i asked to better calculators and the 50% i wrote in the beginning was inaccurate sorry ;) without counting the value of the coi...

Zethyr Exchange 2.0 is here (almost)

6 Mar 2020 1 minute read 0 comments Zethyr Exchange

Dear Zethyrians, We are in the final testing phase of Zethyr Exchange 2.0 which promises to give TRON traders liquidity that has never been available on any DEX, be it on TRON, ETH or any other blockchains. For now, we will bring Binance liquidity t...

Is Loopring (LRC) a Good Investment? In-depth Analysis and Near to Longer-Term Expectations

5 Mar 2020 9 minute read 16 comments CryptoBoomer

Investing in cryptocurrencies can be incredibly lucrative but it can also be extremely risky. Not only are they highly volatile but there are thousands of cryptocurrencies to choose from, so managing your risk and choosing the right ones to invest in...