When you decide to invest in the Crypto Market, the most likely aspect of the market you will first come in contact with will be the Centralised Market System (CMS).
Most newcomers to the Crypto Market know that they will need to open an account with crypto exchanges such as Binance and Coinbase for their crypto transactions. However, soon they realise that there is more to crypto investment than just the centralised exchanges.
How do you buy a crypto that is not yet listed on centralised exchanges (Cex)? How do you buy your favourite NFTs, gamecoins, and those popular memecoins that are not yet on Cex? More especially, how do you track your transactions so that you know you are not dealing with scams, view the beauty of your NFTs, or invest in the growing decentralised finance?
To do all these, you just have to know how to operate the Decentralised Market System (DMS). This course will guide you on the DMS operation using decentralised exchanges (Dex) and non-custodial wallets.
Lecture 1.0.0. Popular Decentralised Exchanges
There are about 250 Dex in the Crypto Market and many more will be built as the market advances. Dex is the opposite of Cex. DMS uses Dex while CMS uses Cex. Each blockchain ecosystem has their own Dex.
Therefore, if you want to transact with ERC20 tokens (that is, tokens on Ethereum ecosystem), you will need an Ethereum smartchain Dex. Likewise, if you want to transact with BEP20 tokens (that is, tokens on Binance ecosystem), you will need a Binance smartchain Dex.