$BTC $ETH $SOL 🤔 What is a DEX?
A DEX (Decentralized Exchange) is a trading platform that operates without intermediaries like banks or traditional exchanges.
⭐️ Key Features of a DEX:
▪️ Control over Funds: On CEX exchanges, users keep their money on the exchange's accounts, which can be risky if the exchange is hacked or decides to close. On a DEX, users always have control over their funds, as they are in their personal wallets.
▪️ Liquidity: On a DEX, trading can be less liquid (fewer bids and offers) than on centralized exchanges, especially for unpopular assets. This can lead to large spreads, which can make your entry point worse.
▪️ Easy to access: To start trading on DEX, just connect your crypto wallet (for example, MetaMask). KYC is not required.
🔝 Best DEXs:
Uniswap, 1inch — EVM networks
Jupiter, Raydium — Solana
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