How long does a DEX trade take?

Mining time And this is why when you sign a transaction, it doesn’t just go through and complete instantly. It has to be “mined” into the blockchain. On Ethereum, and when the network is not congested, this should only take 15–30 seconds .13 Eki 2019

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.

Users don’t have to do a KYC since a DEX does not hold any customer records . A few factors may not appeal to a wide range of users. One can be the lack of liquidity at smaller DEX platforms.