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HOW TO USE DYDX DECENTRALISED EXCHANGE -- REVIEWA decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs). The top 5 decentralized cryptocurrency exchanges. Uniswap Uniswap is the world's biggest decentralized exchange. You can use Uniswap to buy, sell, and trade. Second, decentralized exchanges can help reduce private knowledge and compliance costs by empowering users to trade a greater variety of tokens based on their.