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<p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8deafe99031149fca4ad3b1709a30800.png" /><h2 id="header-0"><strong>Volume on Stellar DEX for the last month was $804.97K (8.92M XLM)</strong></h2><h2 id="header-1"><strong>Stellar DEX Review</strong></h2><p><a href="https://developers.stellar.org/docs/encyclopedia/liquidity-on-stellar-sdex-liquidity-pools#sdex" rel="noopener noreferrer nofollow">Stellar DEX</a> (Stellar Decentralized trade) is a decentralized exchange. There are  many decentralized exchanges out there and there are people who are  lucky enough to claim that the growing number of decentralized exchanges  is the end for centralized exchanges.</p><p>Decentralized  exchanges do not require a third party to control your funds and  transactions, instead you personally own your assets and transact at the  same time as those who need to buy or sell your money.</p><p>Decentralized  exchanges usually do not require you to provide personal information.  This allows you to create an account and immediately start buying and  selling digital assets. Decentralized exchange servers are deployed all  over the world, which reduces the chance of server downtime.</p><h2 id="header-2"><strong>Stellar DEX withdrawal cost</strong></h2><p>Stellar  DEX does not charge withdrawal fees at all. This is a very strong  advantage in the blockchain market that really sets Stellar DEX apart  from most other leading crypto exchanges and blockchains.</p><h2 id="header-3"><strong>Deposit strategies</strong></h2><p>DEX  does not accept deposits in fiat currencies. Thus, new crypto traders  without prior ownership of cryptocurrencies cannot trade on the DEX. If  you don’t have crypto but want to start buying and selling on the DEX,  you will first need to buy cryptocurrencies from some other alternative  provider and then, as a second step, deposit them to your Stellar  address. Use Scopuly to quickly create a Stellar wallet and buy crypto from your bank card to your Stellar address.</p><h2 id="header-4"><strong>Security Stellar DEX</strong></h2><p>Decentralized  exchange servers are usually located all over the world. This is a  strong contrast to centralized exchanges, where the servers are usually  more concentrated and the database can be compromised.</p><p>Server  dispersal like DEXs results in less danger of server downtime. This  also means that decentralized exchanges are certainly immune to attacks.  This is because if you take one of the servers down, it will hardly  change the network of servers as a whole.</p><p>Also,  if you make an exchange on a decentralized exchange, the exchange  itself does not in any way affect your things. Therefore, even though  the hacker is somehow able to break into the DEX (notwithstanding the  above), the hacker cannot gain access to your assets. The keys to your  wallet are only with you and are not stored anywhere else. And therefore  there is simply nothing to hack.</p><p>However,  if you are making an exchange on a centralized exchange, you will  generally hold your money on that exchange until you withdraw it to your  personal wallet. Thus, a hacker can break into a centralized exchange  and steal your assets held on such an exchange.This is not possible on the DEX.</p><p>If you don’t have a Stellar account yet, you can create one on Scopuly DEX.  Scopuly is a popular wallet and DeFi platform for Stellar. With  Scopuly, you can securely create a Stellar wallet, buy cryptocurrency,  make payments, trade crypto assets and earn from your assets in  liquidity pools (AMM). <strong><em>All this is safe, fast and free!</em></strong></p><p><strong>Subscribe to Scopuly and follow the news of the project.</strong></p><p>&#x1f539; Twitter: twitter.com/scopuly</p><p>&#x1f539; Telegram: t.me/scopuly</p><p>&#x1f539; YouTube: youtube.com/&#64;scopuly</p>

Trading volume on Stellar DEX for June 2023 amounted to $804.97K

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