What is a Decentralized Exchange (DEX) & How it Actually Works? (Animated)

The Term DEX stands for Decentralized exchnage. In this video, you will know what is a decentralized exchange, and how it actually works, then we will talk about some advantages that decentralized exchanges have over centralized exchanges, and finally, some disadvantages or limitations of decentralized exchanges.

⌚ Timestamps:
00:00 Intro
02:00 What is a Decentralized Exchange (DEX)?
03:55 How a DEX Works
08:05 Advantages of Using a DEX
09:10 Limitations of Decentralized Exchanges

#️⃣ Tags:
#DEX #Cryptobie #Crypto

[cryptoking]

Your insights on the future of NFTs are thought-provoking.

[morganacin]

The potential of blockchain in various industries is fascinating.

[TheManinBlack]

Thanks for this explanation! Helped me understand it