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Top Decentralized Exchanges (DEXs) by Trading Volume

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A decentralized exchange (DEX) is a cryptocurrency exchange that operates in a decentralized way, without a central authority. DEXs are designed to remove the requirement for any authority to oversee and authorize trades performed in their platrom. Decentralized exchanges allow peer-to-peer (P2P) trading of cryptocurrencies. In this case, a Peer-to-Peer transaction refers to a marketplace that links buyers and sellers of cryptocurrencies.

There are hundreds of crypto decentralized exchanges that provide a good service for clients. Which one is the best? Here is the list of DEXs ranked by trading volume.

 


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Additional FAQ

There are two types of loans offered by crypto exchanges:

  • Fixed lending requires investors to secure their money for a specific period (usually seven to nine days) to get a fixed amount of rate. The advantage is that this method typically offers a higher rate of interest.

  • Flexible lending that is very similar to a savings account. This method allows you to withdraw your assets at any time, so the rate of return is usually lower.

Continue Reading at APY and APR in Crypto Investments Explained

We have mentioned that not all crypto exchanges are safe for credit card transactions. Some may look to exploit their users and run away with their money. Not to mention that your credit card information is also at risk.

While credit cards typically have strong fraud protection compared to other card types, every cardholder must still be aware and able to spot scams. Even at a trusted exchange like Binance, users must complete their due diligence before making any transactions with credit cards.

Continue Reading at The Complete Guide to Buy Crypto with Credit Cards on Binance

Know Your Customer (KYC) identifies customers before any transactions are made. This procedure is standard in various companies, including crypto exchanges and other crypto-related financial institutions. It's the foundation of the global AML/CFT compliance regulations and is used to prevent criminals from evading the AML/CFT controls.

By having a good understanding of their customers, exchanges are more likely to be able to detect customers who are misusing their service and prevent criminal activities from taking place.

 

Continue Reading at How to Do KYC the Right Way in Gate.io

Decentralization refers to the distribution of power and control within a blockchain network, intending to ensure that no single entity has too much control. This is achieved by distributing the ability to validate transactions among many nodes rather than relying on a single central authority. Decentralization is considered essential for ensuring that a blockchain network is resistant to censorship and manipulation.

Continue Reading at What is Blockchain Trilemma?

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