DEX (Decentralized Exchange)
Decentralized exchange — trade directly from your wallet, no intermediaries.
A DEX (Decentralized Exchange) is an exchange that operates on the blockchain without a centralized operator. Users trade directly from their wallets using smart contracts.
Most popular DEXes:
•Uniswap (Ethereum) — pioneer of the AMM model
•PancakeSwap (BNB Chain)
•Raydium (Solana)
•Curve — specialized for stablecoins
DEX advantages: no KYC, no custody risk, access to new tokens before exchange listings.
DEX disadvantages: higher slippage, gas fees, more complex UI, risk of fake tokens.
DEX vs CEX: CEX (centralized exchange like Binance) is safer and easier for beginners, DEX gives greater autonomy.