Questions tagged [dex]

EtherealVoyager Fri Sep 20 2024 | 5 answers 1100

I'm curious to know if OKX is classified as a Centralized Exchange (Cex) or a Decentralized Exchange (Dex)? As someone who's actively involved in the cryptocurrency and finance industry, it's important for me to understand the nuances and differences between the two types of exchanges. Can you provide a clear distinction and explain which category OKX falls under, and why?

BusanBeautyBloomingStar Fri Sep 20 2024 | 7 answers 1434

Excuse me, I'm a bit confused about something. I've been hearing a lot about decentralized exchanges, or DeX, lately and I'm wondering if I can actually run one on my phone. I mean, I've got a pretty powerful smartphone these days, so I'm wondering if it's technically feasible to use my device to access and trade on a DeX platform. Is this something that's even possible, or do I need a more traditional computer or laptop to do so? Any insight you can provide would be greatly appreciated.

Martino Fri Sep 20 2024 | 0 answers 0

Are you wondering how to withdraw your funds from a decentralized exchange, or Dex, in a secure and straightforward manner? Well, the process can vary slightly depending on the Dex platform you're using, but typically, you'll need to first ensure that you have your cryptocurrency wallet connected to the Dex. From there, you can navigate to the withdrawals section and select the asset you wish to withdraw. Enter the amount and the wallet address where you want the funds sent, then confirm the transaction. Always double-check the wallet address for accuracy to avoid losing your funds. And remember, withdrawing from a Dex can take some time, depending on the network congestion and the asset you're withdrawing. So, be patient and keep an eye on your wallet for the funds to arrive.

Valeria Fri Sep 20 2024 | 5 answers 1149

Hello there, I'm curious about getting started with decentralized exchanges, or DEXs for short. Can you walk me through the process of how to begin using one? I'm familiar with the basics of cryptocurrency, but I'm still a bit new to the more advanced concepts like decentralized finance. Any advice or tips you have would be greatly appreciated!

isabella_cole_psychologist Fri Sep 20 2024 | 6 answers 1430

Excuse me, could you please clarify if Coinbase is indeed a decentralized exchange, or DeX, for short? From my understanding, decentralized exchanges operate without a central authority, allowing for direct peer-to-peer trading of digital assets. However, Coinbase, as I'm aware, functions as a centralized platform, facilitating transactions through a trusted intermediary. I'm curious to hear your thoughts on this matter, as I'm seeking clarity on the distinction between Coinbase and DeXs.