Cryptocurrency Q&A
What is decentralized exchange (DEX)?
What is decentralized exchange (DEX)?
SsamziegangSerenadeMelodyHarmonySoul
Mon Mar 03 2025
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5
answers
1485
Decentralized exchange, or DEX, is a cryptocurrency exchange that operates without a central authority. It allows peer-to-peer trading of cryptocurrencies and relies on smart contracts to execute trades, ensuring transparency and fairness. This eliminates the need for third-party intermediaries.
5 answers
charlotte_wilson_coder
Wed Mar 05 2025
Decentralized exchanges (DEXs) represent a novel approach to cryptocurrency trading.
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DongdaemunTrendsetterStyleIcon
Tue Mar 04 2025
They operate through smart contracts, ensuring that transactions are executed without the need for a centralized intermediary.
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Davide
Tue Mar 04 2025
To begin trading on a DEX, users simply connect their preferred crypto wallet to the platform.
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CryptoWanderer
Tue Mar 04 2025
In addition to facilitating exchanges, DEXs also offer the opportunity for users to provide liquidity to liquidity pools.
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BitcoinBaroness
Tue Mar 04 2025
By doing so, users earn LP tokens, which represent their share of the pool.
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