Decentralized Exchanges Explained: How They Work and What You Need to Know in one Minute

In this one-minute video, we'll be discussing decentralized exchanges or DEXs, which are becoming increasingly popular in the world of cryptocurrency. Unlike centralized exchanges, DEXs operate on a peer-to-peer basis and use smart contracts to execute trades and settle funds. Users trade directly with each other without the need for a middleman, giving them full control over their funds and private keys. While DEXs offer benefits such as increased security, transparency, and censorship-resistance, they may have drawbacks such as lower liquidity and slower transaction speeds. Learn more about DEXs and how they work in this quick video.

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