AVax025
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Welcome back.
Do you know what DEXs are?
No? Then enjoy a short informative reading about the tips that "courses" and "gurus" don't share with you.
Imagine that a traditional exchange works like a large shopping mall: you go there to buy or sell currencies, but you need to trust the mall owner to ensure everything runs smoothly and that your money is safe.
On the other hand, DEXs (decentralized exchanges) are like street markets. In them, anyone can set up a stall to trade currencies directly with other people, without needing a "owner" to organize everything. This works because DEXs use blockchain technology and smart contracts — basically, programs that ensure exchanges are made fairly and securely.
In summary:
Centralized exchanges (CEX): You trust the mall owner (company) to hold your money and make the trade for you.
Decentralized exchanges (DEX): You trade directly with another person using the "street market", without an owner to control everything.
If you liked it, please like, follow, and share to help this profile reach more beginners in this trillion-dollar market that is the great CRYPTO market.
#crypto #Bitcoin2025
Do you know what DEXs are?
No? Then enjoy a short informative reading about the tips that "courses" and "gurus" don't share with you.
Imagine that a traditional exchange works like a large shopping mall: you go there to buy or sell currencies, but you need to trust the mall owner to ensure everything runs smoothly and that your money is safe.
On the other hand, DEXs (decentralized exchanges) are like street markets. In them, anyone can set up a stall to trade currencies directly with other people, without needing a "owner" to organize everything. This works because DEXs use blockchain technology and smart contracts — basically, programs that ensure exchanges are made fairly and securely.
In summary:
Centralized exchanges (CEX): You trust the mall owner (company) to hold your money and make the trade for you.
Decentralized exchanges (DEX): You trade directly with another person using the "street market", without an owner to control everything.
If you liked it, please like, follow, and share to help this profile reach more beginners in this trillion-dollar market that is the great CRYPTO market.
#crypto #Bitcoin2025
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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