Decentralized Crypto Exchange Meaning. It may replace our centralized exchanges one day, at least that is what most people in the crypto space firmly believe. Our site uses a custom algorithm based on deep learning that helps our users to decide if could be an acceptable portfolio addition for the future.
Before we go any further, let’s understand what we mean by centralized and decentralized exchanges. Defi is a highly experimental and risky niche within the wider cryptocurrency space. Using a centralized exchange would require a lot of experience.
A decentralized exchange, or dex, is a cryptocurrency exchange where traders can make transactions without relying on a third party.
A decentralized exchange — or dex — is a cryptocurrency exchange that operates without a central authority. They include decentralized exchanges, lending protocols and synthetic derivatives. What is a decentralized exchange? Most decentralized exchanges aren’t easy to use, as their interface is suitable for experienced traders