Crypto Decentralized Exchange (DEX)

What is a Decentralized Exchange (DEX)?

A Decentralized Exchange (DEX) is a cryptocurrency token exchange. DEXs are decentralized - meaning no intermediaries or authorities like those in traditional banking and finance. Most DEXs are non-custodial, which means they don’t store your private key (keys that allow access to your cryptocurrencies for transactions). Moreover, DEXs built on Ethereum smart contracts don’t have any sign-ups or KYC.

Crypto DEX FAQ

What is the largest crypto DEX?

Uniswap is the largest DEX in terms of total USD locked closely followed by Curve Finance.

Can you buy Bitcoin on DEX?

No, you cannot buy or trade Bitcoin on DEXs. DEXs only supports Ether (ETH) and ERC-20 tokens like Wrapped Bitcoin (WBTC).

What are the top DEXs?

Uniswap, Curve Finance, SushiSwap, Balancer, and Bancor are the top DEXs by total USD locked in smart contracts.

Is Binance a DEX?

Binance is a DEX built on top of the Binance Chain and Binance Smart Chain where you can trade both crypto tokens and coins.

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