The best Ethereum, EOS & TRON-based decentralized exchanges with fees and supported wallets – Comparison of decentralized exchange fees
Guides & Reviews
What is a Decentralized Exchange?
A decentralized exchange is a cryptocurrency exchange where you can trade cryptocurrencies from your own wallet without trusting third parties. Decentralized exchanges are powered by smart contracts which allow users to trade tokens directly with other users. Decentralized exchanges are non-custodial exchanges, so there is no need to trust a third party with your funds and you will have full control of your funds while trading on decentralized exchanges. While decentralized exchanges are known with decentralization of custody, the most common property of decentralization, they are not fully decentralized. Decentralized exchanges do have centralized elements in their systems such as centralized order matching, KYC, etc. Some decentralized exchanges focus on such technical and non-technical centralized elements in their DEXes that they want to get rid of and are on the way to becoming fully decentralized exchanges.