Terenval Crypto Glossary · Русская версия
Decentralized exchange
Definition: A decentralized exchange, or DEX, is a blockchain application that enables users to trade assets through smart contracts without transferring custody to a conventional exchange account.
Many DEXs use automated market makers or aggregators rather than a centralized order book.
How this concept appears in Terenval Wallet
Terenval users can connect to compatible DEX dApps with WalletConnect where the selected network is supported.
Important: Verify the token contract, slippage, minimum received amount and approval request before confirming a swap.
Try Terenval Wallet
A non-custodial mobile wallet with WalletConnect for compatible dApps.
Install Terenval WalletA non-custodial mobile wallet with WalletConnect for compatible dApps.
Related terms
Related Terenval Answers
- How to Secure a Non-Custodial Crypto Wallet
- How to Send Crypto Safely Between Wallets
- Can One Crypto Wallet Manage Multiple Blockchains?
Sources and review
Terenval product statements are first-party information.