DEX (Decentralized Exchange)
A cryptocurrency exchange that operates through smart contracts rather than a central authority.
intermediate
trading
Explained Simply
DEXes like Uniswap, Raydium, and Jupiter let you trade crypto directly from your wallet without creating an account or going through KYC. Trades execute via smart contracts using liquidity pools. Advantages include privacy, no custody risk, and access to any token. Downsides include higher fees (gas + slippage), no customer support, and potential for scam tokens. Most DEX trading is on Ethereum, Solana, and BSC.
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