What is a decentralised exchange (DEX) and how does it workThe closure of 3 US banks at once has led to a surge in the popularity of decentralised exchanges. Trading volume on DEX has reached a 10-month high, rising to $133.3 billion. Does this mean they can take the lead?
Read about how DEX works in this post DEX is a trading platform that uses smart contracts as its exchange technology. Unlike centralised exchanges, where all trades are performed through an intermediary (an exchange), DEX allows users to trade cryptocurrencies directly with each other.
The main features of DEX are: Security: users' funds are stored in their own wallets, which means that hackers or the exchanges themselves can't steal funds, as can happen on centralized exchanges.
Open and transparent access: all transactions are public and open for viewing on the blockchain.
No identity verification (KYC) is required - this provides a higher level of anonymity for users.
A wide selection of trading pairs that can range from popular cryptocurrency pairs to tokens not found on centralised exchanges.
No political or geographical restrictions.
Examples of DEX: Uniswap, Pancakeswap, SushiSwap, ApolloX DEX and others.
Use CryptoRobotics to trade on Pancakeswap, a popular DEX on the Binance Smart Chain network. We have everything for a convenient trading experience:
Market analytics with current returns
Yield notifications
Smart orders to exit trades with "Impermanent Loss"
Bots that farm and exit pools on their own
Trade on PancakeSwapDEX is the choice for those who value anonymity, security, and independence.
Good luck and profit
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