What is DEX in Binance?

Binance DEX is a decentralized exchange created by Binance and powered by the company’s Binance Coin (BNB) . It offers lower fees and improved security over centralized exchanges. However, it also has a steeper learning curve, and is best suited to experienced crypto users.5 Şub 2021

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How do you trade DEX?

First, users need to familiarize themselves with external wallet platforms so they can interact with a DEX. Then, they must fund their wallet by transferring fiat or cryptocurrency. Finally, they need to link this wallet to the DEX interface to execute a trade .

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How does DEX crypto work?

A decentralized exchange (better known as a DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders . DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary.

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