What is decentralized exchange?

  • Decentralized exchanges are introduced to overcome the drawback of centralized exchange. Most crypto traders shift from centralized exchange to decentralized exchange.

    Decentralized exchanges offer the p2p crypto trade exchange without the involvement of third parties as an intermediator. Traders feel secure in the Decentralized exchanges because transaction details & and private details are not in centralized hands, No need to pay the extra charges or commision in DEX.

    Benefits Of Decentralized Exchanges:

    Instant Exchange is possible
    No involvement of Third parties
    No need to store private details on admin wallets

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