Decentralized exchanges (DEX) are platforms for cryptocurrency trading that do not require the involvement of intermediaries such as banks or centralized exchanges. Unlike traditional platforms, DEXs operate based on smart contracts and facilitate direct trading between users. A key feature of these services is security and anonymity – all transactions are conducted through the blockchain, eliminating the possibility of third-party interference.
The advantages of DEXs include low fees, greater control over assets, and protection from hacking attacks, making them attractive to crypto investors. However, they may be more complex to use and do not always offer as broad liquidity options as centralized exchanges.
