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Top 7 Best Decentralized Crypto Exchanges!A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way, without a central authority. All ethereum bsc polygon. A decentralized exchange (DEX) is a peer-to-peer (P2P) crypto trading platform that connects cryptocurrency buyers and sellers. A DEX (decentralized exchange) is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner without the need for an.