Best Decentralised Exchanges 2025!! (FULL Review & Tips)

Finding the Best Decentralized Exchange (DEX)

To find the best DEX, start by considering the wallet and blockchain you're using, and the coins you want to swap.

Types of DEX Protocols

• Token Swap Protocols: Allow swapping one asset for another.
• Stable Swap Protocols: Enable trading of similar assets with lower fees and spreads.

Using Wallets for Swapping

• Many wallets, such as Binance Wallet, offer a built-in swap feature.
• Wallets may charge additional fees, so it's essential to be aware of the costs.
• Examples of wallets with swap features include MetaMask and Rabi.

Decentralized Exchanges (DEXs)

• Uniswap: A popular DEX on the Ethereum network.
• One Inch: An aggregator that finds the best exchange rates across multiple DEXs.
• Apex: A DEX that offers a centralized exchange experience with low fees.

Trading on DEXs

• Spot Trading: Trading the price of assets without owning them.
• Futures Trading: Trading perpetual futures contracts.
• Leverage: Using borrowed funds to increase potential profits.

Important Tips

• Verify Token Addresses: Use trusted sites like CoinGecko to ensure you're trading the correct token.
• Check Volume: Trade on exchanges with high volume to minimize risks.
• Revoke Permissions: Regularly review and revoke permissions for DEXs to protect your assets.

Additional Tools

• CoinGecko: A trusted site for verifying token addresses and checking volume.
• Gecko Terminal: A DEX screener that provides information on tokens and exchanges.
• Revoke.cash: A tool for revoking permissions and managing approvals for DEXs.