What is DEX?
A decentralized exchange that matches trades on-chain.
Details
A decentralized exchange (DEX) matches trades on-chain through smart contracts, so users trade directly from their own wallets without depositing funds into a platform. Popular examples include Uniswap and 1inch, most using automated market maker (AMM) pools. DEXs remove custody risk but shift slippage, impermanent loss and contract-security responsibilities to the user.
Key Points
- Assets stay in your wallet; no platform custody
- Mostly AMM-based — watch slippage and impermanent loss
- Check the contract address and approvals before trading
FAQ
What is DEX?
A decentralized exchange that matches trades on-chain.
What are the key points about DEX?
A decentralized exchange (DEX) matches trades on-chain through smart contracts, so users trade directly from their own wallets without depositing funds into a platform. Popular examples include Uniswap and 1inch, most using automated market maker (AMM) pools. DEXs remove custody risk but shift slippage, impermanent loss and contract-security responsibilities to the user.
Is this term related to a specific coin?
UNI, 1INCH
Related Coins
Related
Start trading on a major exchange
Download Binance or OKX from the official website to start trading.
Risk warning: crypto prices are volatile. This page is for information only and is not investment advice.