Hello! Have you ever heard of DEX? DEX stands for Decentralized Exchange. This is a platform where you can buy, sell, or exchange digital assets such as Bitcoin or Ethereum without having to involve intermediaries such as banks. Here, I will explain DEX in simple language so that it is easy to understand.
So, DEX is different from traditional digital asset exchanges. Usually, when you want to buy or sell cryptocurrency, you have to go through a bank or a platform like Binance. But with DEX, you can transact directly with other people without intermediaries. So, you have direct control over your digital assets.
One of the advantages of DEX is lower transaction fees. Usually, on traditional exchanges, you have to pay quite large fees. But with DEX, transaction fees are cheaper because there are no intermediaries to charge.
Additionally, DEX also provides better privacy. Typically, on traditional exchanges, you have to provide a lot of personal information. But with DEX, you don't need to provide excessive personal information. So, you can maintain your privacy.
However, you also need to be careful. The cryptocurrency market is volatile, meaning its value can change quickly. So, you must remain vigilant and only invest with money that you are prepared to lose.
