Crypto Security: Decentralized Exchanges. How To Trade Bitcoin Trustlessly.

By February 19, 2019 February 25th, 2019 Cryptobay, Cryptocurrency

Another option to trade crypto, besides centralized exchanges, is Decentralized exchanges. It means there is no third party holding your private keys (your coins), you always keep your private keys and don’t have to trust anyone but a smart contract.

Usually, decentralized exchanges allow trading coin from based on one blockchain (mostly Ethereum). Some allow trading cross chain. And some allow trading with fiat money (Bisq).

Let’s talk about:
Different types of exchanges
How secure they are
How cross-chain and fiat exchanges work
Pros and Cons (Liquidity, Price, Privacy, Security)
What you need to start trading

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