Trading on DEXs
2 min read
•
Feb 9
You can learn about the differences between Decentralized (DEX) and Centralized (CEX) Exchanges here . Now we’ll briefly cover how to trade on a DEX.
The exchange process itself is extremely simple. You do not need to register on the exchange, make a deposit to trade, or submit your personal data to the exchange operator. You just connect your crypto wallet and immediately see all the tokens available to exchange. Then you choose what you want to exchange and confirm the transaction – and the tokens you acquired are instantly transferred to your wallet.
There are no centralized intermediary companies involved in this transaction; the ex
