How does a DEX 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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What is DeFi and DEX?

A DEX is a decentralized exchange and a CEX is a centralized exchange and you can buy and sell cryptocurrencies and tokens on both. Just like the difference between DeFi and CeFi , a DEX is autonomous and run by algorithms and smart contracts, while a CEX is run by a company with human management.

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What does a DEX do?

The DeX cable allows you to easily connect your device to a standard HDMI port on your monitor . It’s 1.4 meters long, so you have the flexibility to work with just about any monitor setup. The DeX cable is ideal if you plan to use DeX primarily in one location and can leave the cable connected to your monitor.

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Is KuCoin a DEX?

KuCoin is a cryptoasset exchange that describes itself as a hybrid exchange integrating features of both centralized and decentralized exchanges. The long-term goal of the team is to transition to a fully decentralized exchange model.

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