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WE USE DEX TO DIVERSIFY OUR INVESTMENT.

A DEX (Decentralized Exchange) is a cryptocurrency exchange platform that uses smart contracts and blockchain. This change is called Swap. The main advantage of a DEX is Access to a Wide Range of Tokens that are usually omitted from the so-called lesser-known projects. It is important to keep in mind that the token we want to acquire is reliable and its information verified.

The Safest DEXs on the Market:

  • Uniswap: Uniswap is one of the most popular and secure DEXs in the Ethereum ecosystem. It operates on smart contracts and has gained a wide user base.
  • SushiSwap: SushiSwap is a decentralized exchange platform that offers advanced features such as yield farming.
  • Curve Finance: Specializes in facilitating the exchange of stablecoins, offering high efficiency and low transaction slippages.
  • Balancer: Allows users to create liquidity pools with multiple tokens, providing flexibility in portfolio management.
  • PancakeSwap: This is one of the most popular DEXs on Binance Smart Chain, offering a wide range of services and features similar to Uniswap.
  • Kyber Network: facilitates instant token conversion with ample liquidity and integrates with multiple DeFi applications.
  • Bancor: Bancor uses mathematical formulas to calculate prices and provide continuous liquidity to users.
  • Aavegotchi GHST-QuickSwap (on Polygon): This is an integration between QuickSwap (a DEX on Polygon) and Aavegotchi (a DeFi play), allowing users to exchange GHST tokens.

To connect to a DEX we must have a compatible wallet. A DEX like Uniswap is compatible with Ethereum, Polygon, BNB Chain, Arbitrum, Optimism....Therefore if we connect to the network:

  • Ethereum: We will use Metamask Wallet for secure operation.
  • Polygon: We will use Polygon Wallet for secure operation.
  • BNB Chain: Recommends the use of BNB Smart Chain Wallet for secure operation.

In summary, each network uses a different wallet to guarantee a secure operation.It is possible to use a single Wallet for all networks but this requires a lot of experience and knowledge in the configuration of each Wallet.

I want to buy a token and it is not on the list?

  • Ethereum: It is a network where you will find a list of crypto assets or tokens registered only on its network.
  • Polygon: It is a network that has its list of tokens registered only on its network.
  • BNB Chain is a network that also has its list of registered tokens only on its network.

This means that if we want to buy a token and it is not on the list, it is because it is on another network such as Arbitrum, Optimism, .....To solve it, you must find out which network that token belongs. You will find this information in Coinmarketcap or Coingecko with the name "Contracts", this term refers to the "network" to which that token belongs.

Enter Uniswap and Explore this Information.

https://app.uniswap.org/

Enter the token you want to buy and see which network it belongs to.

https://coinmarketcap.com/coins/

https://www.coingecko.com/

Remember that not all projects or tokens are a safe investment, verify their veracity on information portals o Explore the BLOCKCHAIN+.

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