What is Decentralized Exchange?
A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer’s funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
Benefits of Decentralized Exchange
Any transaction can be made from anywhere from the world. There are no border or limits.
The software, code and transactions occurring on a decentralized exchange are open source. Meaning, everything is transparent.
3. Fast access
No need in registration or verification of your account. Juat make an account and start trading right away.
Everyone is in charge of their own keys and funds are not held by anyone else.
A decentralized exchange gives us possibility to keep our personal information and credit information identity.