Decentralized exchange (Dexs) in cryptocurrency: what is to be found
The world of cryptocurrencies has subjected a significant transformation in recent years, with the decentralized exchange (Dexs) occurring. Dexs are online platforms on which users can exchange cryptocurrencies without intermediaries such as brokers or exchangers. In this article we will deal with the functions that you should search for a reliable and safe Dex.
What is a decentralized exchange?
A decentralized stock exchange is an online platform with which users can buy, sell and act cryptocurrencies without relying on a central authority such as a stock exchange or a broker. This means that no mediators are involved in the transaction process, which leads to faster execution times, lower fees and greater transparency.
Key characteristics from Dexs
When choosing a Dex for cryptocurrency trading, pay attention to these important functions:
- Safety : Make sure that your exchange is safe and there is robust security measures, such as: B. Multi-Sig-letters, cooling solutions and regular security audits.
- Liquidity : A high level of liquidity is of crucial importance for every cryptocurrency exchange. Look for an exchange with a large market capitalization (at least 1 billion US dollars) and a wide range of trading couples to ensure that you can easily buy and sell your preferred cryptocurrencies.
- User interface : A user -friendly surface is essential for simple navigation and execution. Decide on an exchange with a modern, intuitive design that contains clear instructions for using the platform.
- Order flow
: Order flow refers to the direction in which orders are executed. Find for an exchange with a strong order book and a high filling rates (the percentage of orders that are filled out) to ensure quick execution times.
- Trade fees : Dex fees can be high, especially if they act frequently. Note all fees charged by the stock exchange, including slip fees, BID-ASK spreads and commission fees for shops that are carried out via a few.
- Support : Search for an exchange with robust customer support, including 24/7 Live -Chat, e -Mail -support and telephone support to help you solve problems that may occur.
- Regulations for the regulations : Make sure that your exchange corresponds to all relevant regulations, including the requirements for money laundering (AML) and the knowledge of knowledge.
dex type
There are different types of Dexs for cryptocurrency trade, each own unique functions:
- centralized stock exchanges (CEXS) : CEXS includes a central authority that manages the exchange and executes business on behalf of users. This can lead to higher fees and slower execution times.
- Decentralized stock exchanges (Dexs) : Dexs, as already mentioned, are online platforms that enable direct trade between users without an intermediary.
Popular Dex platforms
Some popular decentralized stock exchanges for cryptocurrency trading are:
- Uniswap : A widespread decentralized exchange that is known for its simplicity and scalability.
- Sushiswap : A rapidly growing decentralized exchange with a strong focus on community engagement and user-friendly user interface.
- curve
: A central exchange that offers a wide range of trading pairs, low fees and fast execution times.
Diploma
When looking for a reliable and safe decentralized stock exchange (Dex) for cryptocurrency trade, pay attention to functions such as high liquidity, robust security measures, simple user interfaces and competitive trading fees. By taking the types of the available Dexs and popular platforms into account, you can make a well -founded decision when choosing a platform that meets your specific requirements.
recommendations
If you are new to decentralized stock exchanges, take the following recommendations into account:
* Uniswap : A great option for those who want simplicity and scalability.