What is a Decentralized Exchange (or DEX)?

A Decentralized Exchange is a place to buy / trade / sell crypto coins & tokens, that isn't owned or controlled by any one person or group.

The computers that run decentralized exchanges are often spread out around the world and owned / operated by hundreds, if not thousands of different individuals.

This makes Decentralized Exchanges very hard (if not impossible) to shut down, because there isn’t a central computing hub that can be shut down, nor is there a controlling entity that can be coerced into ‘hitting the kill switch’ and disabling the network.