Decentralised stock exchanges
and what they're up to
TRADING LAVE
Where can you sell and buy LAVE?
Lavandos Altcoin ($LAVE) is traded on exchanges such as:
General instructions for buying/selling LAVE altcoin:
On these platforms, you can also see the current price.
Lavandos Altcoin ($LAVE) is traded on exchanges such as:
General instructions for buying/selling LAVE altcoin:
- Go to the website of any of the crypto exchanges in the list and connect your cryptocurrency wallet Tonkeeper/Tonhub.
- On the main page, select Lavandos (LAVE) from the coin drop-down list, enter the desired buy/sell amount. Click the buy/sell LAVE button.
- Confirm the transaction in your wallet and you have the coins!
On these platforms, you can also see the current price.
A Decentralised Cryptocurrency Exchange (DEX) is a platform for buying and selling digital financial assets/cryptocurrencies which uses smart contract technology for user transactions. In fact, it is an intermediary platform for exchange of coins and tokens between interested customers, implementing the principle of peer-to-peer exchange (p2p).
The great flood of negativity around cryptocurrencies in 2022 has now subsided, but distrust of centralised exchanges persists (remember the FTX crash?).
New and experienced cryptocurrency users need reliable platforms to buy and sell digital coins, which is why DEX exchanges have become very popular.
New and experienced cryptocurrency users need reliable platforms to buy and sell digital coins, which is why DEX exchanges have become very popular.
DEX platforms are much easier to use than traditional exchanges. Centralised exchanges ask for identity verification (KYC), while DEX operates using blockchain addresses and non-custodial wallets connected to the app.
IMPORTANT.
The main difference between a decentralised exchange and a centralised exchange is that the administration of the exchange has no access to your money and assets!
Centralized exchanges in turn have access to customer funds and, if necessary, can block an individual user, a specific transaction or an entire line of operations, such as the withdrawal of funds.
How do decentralised exchanges work? The algorithm is quite simple:
- A user places an order to buy or sell some volume of an asset for another.
- If a counter bid from another user (multiple users) is found, it is satisfied.
- Based on the concluded smart contracts, tokens or coins are transferred between wallets.
Keep in mind that anyone can add their token to DEX platforms, which increases the risk of fraud by unscrupulous creators. Trust only the coins that are on the platform's whitelist.
- A user places an order to buy or sell some volume of an asset for another.
- If a counter bid from another user (multiple users) is found, it is satisfied.
- Based on the concluded smart contracts, tokens or coins are transferred between wallets.
Keep in mind that anyone can add their token to DEX platforms, which increases the risk of fraud by unscrupulous creators. Trust only the coins that are on the platform's whitelist.
Use DEX and follow the main rules when trading cryptocurrencies:
- Never, under any circumstances, give your password and seed phrase for the crypto wallet.
- Check the asset you are interested in for whitelisting.
- Do not buy digital coins "off the hands", use only dedicated platforms.