What is Defi crypto?

So, then - what is DeFi crypto? The acronym “ DeFi ” stands for decentralized finance. As the term might imply, it’s a sort of umbrella for a whole huge financial infrastructure that places an emphasis on decentralization.

Are certain Defi protocols supported by specific crypto wallet services?

Certain DeFi protocols can sometimes be supported by specific crypto wallet services. Here's what you need to know. Decentralized finance (DeFi) offers investors the opportunity to participate in novel and diverse markets, like non-fungible token (NFT) art and exotic derivatives. To play the game, however, you’ll need a non-custodial DeFi wallet.

What is a cryptocurrency exchange?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer).

What is defi and which blockchain is best for it?

The vast majority of DeFi projects that you’ll see on the market are built on Ethereum. Currently, there are also other blockchains that are viable for such endeavors, too - while learning what is DeFi, you might encounter projects built on Polygon, EOS, or TRON. Still, though - Ethereum remains the undisputed leader.