Decentralized Cryptocurrency Exchanges: What is a DEX and How to Use it?

Today we’re going to be talking about something called a crypto decentralized exchange or DEX. We’ll cover how crypto decentralized cryptocurrency exchanges work, as well as some of the risks associated with them.

So, what is a decentralized cryptocurrency exchange? Traditionally, asset exchanges have always been run by centralized companies, so decentralized exchanges or DEX are indeed the opposite – asset exchanges with no central authority to guarantee liquidity in the market. Instead, this is done via algorithms.

Stay tuned for the full video to see decentralized exchanges explained in detail. And we’ll also share with you examples of some of the best decentralized cryptocurrency exchange platforms. Have your own top decentralized exchanges in mind? Let us know in the comments!

Did you like our video on centralized and decentralized crypto exchanges? Then please hit the Like button, and don’t forget to share this decentralized crypto exchanges list with your friends. And if you’re new to the BeInCrypto channel, subscribe so you don’t miss out on our next bit of crypto tips on decentralized exchanges!

00:00 Intro
00:42 What is a DEX?
02:01 DEX risks
03:58 Popular DEXs
05:17 Basic exchange example
09:03 Recap

🔗 Links mentioned in Video

#DecentralizedExchange
#DEX
#DecentralizedCrypto

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Disclaimer:
Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.

[ericaphabio]

How different is a layer-3 DEX like Hydranet’s which provides cross-chain swaps on layer 3? Is it better?

[arktus]

Hello could you tell us something about Polkadex I think it will be the next big DEX of the future like binance or uniswap and it is also from the polkadot network.20M Marketcap. Mobile app will be available on AppleStore and GooglePlay in September. Thanks for your video...Please answer if it's a good one..😃.. .

[jerrysnot]

DEX is no KYC. Any change you could review SOKU? They are DEX and has ETH & BSC.

[sophiagrace]

Does one need to use vpn to use these exchanges or its ok(legal to use) without one?thanks in advance.