Is BSC a DEX?

We recognized 31 DEX protocols on Ethereum and four on Binance smart chain (BSC). On Ethereum, Uniswap(V1 and v2 and their clones and similar) protocols have more than 65% of the DEX market share. However, on BSC, Uniswap(V1 and v2 and their clones and similar) protocols executing 99.99% of the trades.

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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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