What are the top decentralized crypto exchanges?

PancakeSwap is one of the best decentralized crypto exchanges for finding new cryptocurrencies before they get big. PancakeSwap is often the exchange of choice for new crypto projects making their ICO thanks to the platform’s simple listing process and low transaction fees.

What is the difference between a decentralized exchange and a centralized exchange?

The most prominent difference between decentralized and centralized exchanges is that the former does not take custody of your assets, be it fiat or cryptocurrency. For this reason, decentralized exchanges are also commonly referred to as non-custodial.

What are the benefits of a decentralized exchange?

Decentralized exchanges offer a platform to do transactions with privacy and anonymity. There is no need to hand over personal information — just sign the transaction and you’re good to go. A great benefit of DEXes is security. As mentioned earlier, hackers generally target major exchanges to make a big sum of money in one go.