Cryptocurrency Decentralized Exchanges (DEX)
Empowering Users in the New Era of Cryptocurrency Trading
Minimal or NO KYC Requirements
Trade directly to your wallet
!!! Do not keep your Crypto on Exchanges !!!
Explore Top Decentralized Exchanges (DEX) on Your Preferred Blockchain – Simply Click the Symbol
What is a Decentralized Exchange? (DEX)
Embracing the Revolution of Decentralized Trading
What is a SWAP?
Here’s a step-by-step breakdown of how a cryptocurrency swap on a DEX typically works:
User Initiation: A user decides to trade one cryptocurrency for another. For example, they may want to exchange Ethereum for a different token like DAI.
Connect Wallet: The user connects their cryptocurrency wallet (such as MetaMask, Trust Wallet, or others) to the DEX platform. This connection allows the DEX to interact with the user’s funds securely.
Select Tokens: The user selects the cryptocurrencies they want to swap. They specify the amount of the source token they wish to exchange and the desired destination token.
Smart Contract Execution: Behind the scenes, the DEX uses smart contracts to facilitate the swap. The smart contract locks the user’s funds in escrow and executes the exchange algorithmically.
Decentralized Execution: The swap occurs directly between the user’s wallet and the liquidity pool of the DEX. There is no need for a centralized authority to oversee the trade.
Confirmation: Once the swap is executed, the user receives confirmation, and the exchanged tokens are transferred directly to their wallet.
Popular DEXs that facilitate cryptocurrency swaps include Uniswap, SushiSwap, PancakeSwap, and others. Users appreciate DEXs for their decentralization, as they allow users to retain control of their private keys and trade directly from their wallets without the need to deposit funds into a centralized exchange. Additionally, DEXs often support a wide range of tokens due to their compatibility with various token standards like ERC-20 on Ethereum.