To put it simply, decentralized exchanges (DEXs) enable users to buy and sell cryptocurrencies with one another without the need for brokers. Users merely need to connect their crypto wallet to a DEX, such as Uniswap (CRYPTO: UNI) or PancakeSwap (CRYPTO: CAKE), select their crypto-crypto trading pair of choice, such as between Bitcoin and Ethereum, enter the amount, and hit the swap button. There are a lot more coins and tokens available on these exchanges, making them ideal for the adventurous investor.