What is a decentralized exchange (DEX)?

A decentralized exchange (DEX) has distinct advantages over centralized exchanges. However, before using a DEX for all of your cryptocurrency transactions, you should be aware of the limitations. A DEX is commonly used to purchase tokens, not coins. These tokens can only be purchased with native currencies of blockchains, like Ethereum.

What is Horizon Dex?

Horizon Dex has revolutionized the way cryptocurrency enthusiasts trade digital assets. Is the first concentrated liquidity DEX on LineaBuild. As a decentralized exchange (DEX), it offers a secure and transparent platform for crypto traders.

What is a Dex & how do I use it?

A DEX is commonly used to purchase tokens, not coins. These tokens can only be purchased with native currencies of blockchains, like Ethereum. Centralized exchanges, like Coinbase or Gemini, are usually used to purchase cryptocurrencies with cash. Only some of the most popular tokens may be listed on centralized exchanges.

Can a Dex trade Ethereum based tokens?

Typically, DEXs only interact with the blockchain it is built on. Tokens that use the same blockchain as the DEX can be traded. So a DEX built on the Ethereum blockchain can only trade Ethereum based tokens. If a DEX is built on the Binance Smart Chain then it can only trade tokens using BNB.