Best Decentralized Exchange

How to get started with the best decentralized crypto exchange

1. Download Best Wallet from the Apple App Store or Google Play Store.
2. Buy, sell, or swap thousands of cryptocurrencies within the Best DEX.
3. Hold, stake, and manage your portfolio all within the Best Wallet app.

Why Best Wallet is the best decentralized exchange in 2025

Best Wallet offers a completely decentralized crypto exchange within a mobile app, while ensuring complete anonymity and the smoothest user experience.

The DeFi wallet uses a non-custodial ecosystem, ensuring users own and control the cryptocurrencies they trade. No personal information or KYC documents are collected, promoting privacy and anonymity. The Best Wallet exchange is integrated into the wallet app for enhanced convenience. Counterpart risks are removed, as Best Wallet never touches client tokens. 

Decentralized swaps are provided by liquidity pools, transparently and securely executed by smart contracts. Users can trade cryptocurrencies from the most popular networks, including Ethereum, Polygon, Solana, TRON, and BNB Chain. Cross-chain swaps are also supported with highly competitive fees and lightning-fast settlement times. 

The Best Wallet exchange also supports fiat currencies like USD and GBP. This means users can buy and sell cryptocurrencies with common payment methods like credit cards and local bank transfers. Best Wallet also offers other Web 3.0 features for the complete experience, including a crypto launchpad for new projects, staking, and access to iGaming platforms.   

Fully anonymous decentralized exchange

Anonymity and privacy should be core requirements when choosing the best decentralized crypto exchange. These Web 3.0 standards are upheld by Best Wallet, with traders never being asked for personal information. Nor are there any KYC procedures, such as uploading a passport or driver’s license. 

Getting started simply requires the Best Wallet app, available on the App Store and Google Play. Users are provided with a unique backup passphrase, ensuring full control is retained. The private keys are encrypted onto the smartphone device, which is inaccessible by third parties, even Best Wallet. 

Now, compare this to a centralized exchange, which typically offers custodial web wallets. Traders must complete KYC procedures before depositing funds. Once crypto has been purchased, the wallet’s private keys are retained by the exchange. Therefore, users must request permission just to transfer their own funds. 

Best Wallet is a no KYC crypto exchange, so you can enjoy complete privacy.

Instantly trade millions of crypto via a mobile dex app

Available markets are one of the most important factors when choosing the best DeFi exchange. Otherwise, users are forced to use multiple platforms to access their preferred tokens. This also means transferring funds between exchanges, which can be both time-consuming and expensive. 

The solution is Best Wallet, which has implemented an exchange aggregation system. In simple terms, Best Wallet connects with hundreds of liquidity pools, aggregating prices from all providers in real time. This could include anything from 1inch, Uniswap, and Paraswap to SushiSwap and Curve. 

For example, suppose you want to trade ETH for USDT. While SushiSwap might offer 3,100 USDT per ETH, you could get 1,350 USDT from Curve. It’s simply not possible to check prices from hundreds of liquidity pools manually. Fortunately, the Best Wallet Web3 wallet app does this in milliseconds, ensuring users are always presented with the best exchange rates for their chosen pair. 

Liquidity efficiency

Liquidity won’t be an issue when buying and selling large-cap cryptocurrencies like ETH and USDT, as these markets attract significant trading volumes. However, this isn’t the case when trading micro-cap tokens. They’re less popular, meaning fewer buyers and sellers in the market. This can result in unfavorable pricing, known as slippage.

For example, you might be interested in a newly launched token with a $600,000 market capitalization. Buying just $3,000 worth could cause the price to increase substantially, meaning the average cost basis will be much higher than the current rate. The same concept applies when cashing out but in reverse. 

Best Wallet’s decentralized aggregator provides an immediate solution. It can extract liquidity from multiple pools simultaneously. Using the same example, that $3,000 order could be split across Uniswap ($2,000), SushiSwap ($600), and DeGate ($400). This ensures the trader gets the best cost basis through a single position. 

Cross-chain trading

Cross-chain trading should also be considered when choosing the best crypto DEX. This is particularly important when diversifying, as specific networks often experience prolonged pricing rallies. For example, Ethereum meme coins might explode for several weeks before traders transition to Solana. 

Capital moves between networks quickly, so it’s important to have access to multiple ecosystems in one safe place. Best Wallet’s decentralized exchange supports over 60 networks, including Ethereum, BNB Chain, Solana, Polygon, and Base. As long as the required token is backed by at least one liquidity pool, it’s supported by Best Wallet.  

All that’s needed is the token’s unique contract address. Best Wallet will then find the best exchange rates and the deepest liquidity. The purchased tokens are deposited into the Best Wallet balance via a smart contract transaction. This ensures counterparty risks are alleviated, as the tokens are never held by Best Wallet. 

The most secure decentralized exchange

We’ve established that supported markets, pricing, and liquidity levels are crucial when picking the best decentralized exchange. However, an even more important factor is safety. 

These are the institutional-grade security practices available to Best Wallet users:

• No Data Collection: Best Wallet is a non-custodial DEX exchange, so it doesn’t collect any personal data, including KYC documents. This ensures sensitive data isn’t at risk of being breached and shared on the dark web. 
• Smart Contract Execution: Trades conducted on the Best Wallet exchange are executed by smart contracts. These operate on the blockchain, ensuring transparency. Moreover, smart contracts are immutable, so the terms can’t be amended. 
• No Order Books: Unlike centralized exchanges, Best Wallet doesn’t use traditional order books, reducing the risks of price manipulation. Instead, trades go through decentralized liquidity pools, with pricing based on the automated market maker (AMM) model. This takes into account real market dynamics rather than order book requests. 
• App Security: The Best Wallet app comes packed with internal security features, keeping the broader ecosystem safe. This includes a PIN or biometrics, depending on the user’s preferences. Two-factor authentication can also be activated. Best Wallet also provides risk warnings on tokens that could potentially be a scam. 
• Non-Custodianship: Best Wallet can’t restrict trading activities or wallet transfers, even if it wants to. This is because Best Wallet is completely decentralized, with users being their own custodians. This ensures users have unfettered access to the Web 3.0 markets, whether that’s trading, staking, or converting tokens to fiat money. 

Stake to earn extra on your crypto

Allowing cryptocurrencies to sit idle in a non-custodial wallet ensures safety. However, returns can be amplified when staking, meaning locking the tokens for a set period and earning yields. The key issue is knowing where to stake for the highest APYs. Especially if you’re looking to stake many different cryptocurrencies simultaneously. 

Best Wallet provides the best crypto staking platform with the top APYs. Similar to the exchange aggregator, the staking aggregator connects with hundreds of liquidity pools. This means users can instantly find the best rates. All that’s needed is the name and quantity of the staking token, and the aggregator displays the best results almost immediately. 

For example, suppose you want to stake UNI tokens. One liquidity pool might offer APYs of 7% and another at 4%. You wouldn’t necessarily know there’s such a huge disparity in rates, considering it’s a highly manual process. This makes Best Wallet one of the best decentralized exchanges for maximizing passive income. 

Find hot upcoming tokens on the best decentralized Bitcoin exchange

Best Wallet’s decentralized trading platform doubles up as a launchpad for new and exciting tokens. This is a win-win outcome for traders and blockchain startups alike. 

• Best Wallet’s launchpad enables new projects to raise capital. This ensures they have suitable funding to meet their development and operating needs. 
• Those participating in a launchpad event can buy new tokens before they’re listed on exchanges. This means a discounted cost basis when compared to the exchange listing price. 

Like all Best Wallet features, the launchpad can be accessed without leaving the app. Most events accept popular cryptocurrencies like ETH and USDT. So, you can join in seconds if you already have a supported token in your Best Wallet balance. If not, you can use the swapping tool or even purchase cryptocurrencies with fiat money. 

One of the most recent launchpad events was Pepe Unchained, a layer-2 network building decentralized applications for the Pepe community. It successfully raised over $73 million before producing 400% gains within days of its exchange listings. Those using the Best Wallet app got in at the lowest price. 

Ecosystem token presale & airdrop

Best Wallet’s native asset, $BEST, could become the most popular DEX token to hold in 2025. It provides utility and use cases within the Best Wallet ecosystem, rewarding long-term users with discounted fees and enhanced features. For example, the Best Wallet launchpad provides priority access when holding $BEST. 

This means $BEST holders can join before the general sale, resulting in a lower entry price. $BEST is also beneficial when staking cryptocurrencies on Best Wallet. It provides holders with amplified staking APYs, a great perk to build passive income. Best Wallet also enables $BEST holders to vote on key project proposals. 

$BEST will eventually be listed on crypto exchanges. The tokens are currently being sold via a presale event, which can be accessed from the Best Wallet app. The presale price increases every few days to reward early participation. No minimum purchases apply, and ETH, USDT, or BNB can be used to take part. 

$BEST Token airdrop

Best Wallet is also running an airdrop campaign, allowing the community to earn free tokens before listing on DeFi exchanges. No financial outlay is required, as the airdrop is based on time and effort. In a nutshell, points are earned when completing tasks. 

This largely centers on promoting Best Wallet on social networks, such as joining the Telegram group and liking X posts. Daily tasks are available to ensure points can be maximized. $BEST tokens will be airdropped to participants based on the number of points accumulated. 

Enjoy innovative features

Let’s explore what other features make Best Wallet the top DEX trading platform:

Best card

Best Card is a prepaid card that bridges the gap between crypto and real-world spending. It connects with Google Pay and Apple Pay, meaning the card can be used at millions of retailers. 

Here’s how it works:

• You make an online purchase worth $150. Your default crypto is ETH. 
• $150 worth of ETH is instantly converted to USD, with the retailer receiving $150. 

Purchases made with Best Card benefit from cashback rewards, with up to 8% available. That’s up to $12 on a $150 purchase. 

Sell crypto for fiat

Many traders seek fiat facilities when choosing the best decentralized exchange. Best Wallet has partnered with reputable fiat gateways for this very purpose. 

This means users can convert cryptocurrencies for real money, with withdrawals sent via credit card, bank wire, and other popular methods. No KYC requirements are needed, but limits will apply. Limits are displayed when setting up the conversion. 

The most popular DEX that’s highly rated by users

Best Wallet is rated as one of the best decentralized crypto exchanges on the leading app stores. Across thousands of ratings, Best Wallet has achieved a 4.6/5 score from iOS and Android users. 

Many reviews praise Best Wallet’s simple yet highly intuitive design, ensuring even beginners can store and trade cryptocurrencies. Users are encouraged to read these reviews independently to make an informed decision. 

More exciting features on the way

In striving to become the best DeFi exchange, Best Wallet has a detailed roadmap that covers many new features. 

Here’s a snapshot of what users can expect in the coming months:

• Address Book: Save trusted wallet addresses for a streamlined transaction process. 
• Portfolio Management: Manage all of your crypto assets in one place, with key insights and sub-wallets for specific narratives, such as Solana meme coins or layer-2 tokens
• Derivatives Trading: Go long or short on perpetual futures with leverage.  
• NFT Gallery: Buy NFTs from decentralized marketplaces and view collections directly in the Best Wallet app. 
• Risk Management: Buy and sell cryptocurrencies on the Best Wallet exchange with risk management orders, including stop-losses and limits. 
• DCA Trading: Leverage the power of dollar-cost averaging to avoid short-term pricing swings. Set your preferred purchase size and intervals, and allow Best Wallet to do the rest. 

How to start trading on the best decentralized exchange

Getting started with the best DeFi crypto exchange couldn’t be easier. 

Follow these simple steps to get Best Wallet set up in minutes and buy crypto without KYC:

Step 1: Download Best Wallet

Download and install the Best Wallet app from the Apple App Store or Google Play Store.

You will be directed to the official download link for the respective store. 

Step 2: Set up the wallet

Open the Best Wallet app to get everything set up. Type in an email address – Best Wallet will send a security code. Enter it on the Best Wallet app when prompted. Now choose a secure PIN, which is needed to access the app. 

Write down the backup passphrase, consisting of 12 words. This should be written on a sheet of paper rather than kept on a device. This prevents the risk of being hacked remotely. The backup passphrase will enable you to access Best Wallet if you lose/damage the phone it’s stored on. 

Step 3: Add crypto to Best Wallet

You need some crypto to use the Best Wallet exchange. Click on the crypto you wish to deposit and transfer the tokens to the provided address. Do note that the address is unique to your Best Wallet app. 

You can also purchase crypto with local currency. Click “Trade”, “Buy” and choose the receiving crypto (e.g. BNB). Select the amount to buy and the preferred payment method. The tokens will be added to the wallet balance after entering the payment details. 

Step 4: Trade on the Best Wallet DEX

Now you’ve got some crypto, click on “Trade” followed by “Swap”. You need to choose the “From” and “To” currencies. For example, if you want to swap BNB for SHIB, put these into the respective fields. 

You also need to state the swap amount. Best Wallet then finds the most competitive exchange rates based on the entered data. Check the stated fees and confirm once you’re happy to proceed. The exchange will be completed in under a minute. 

What is a decentralized exchange?

Decentralized exchanges enable traders to buy and sell cryptocurrencies without intermediaries. Order books aren’t required to trade, let alone other market participants. Instead, decentralized exchanges use liquidity pools. 

Each contains two cryptocurrencies, which can be traded at any time. For example, the SHIB/USDT pool allows people to buy SHIB with USDT, or vice versa. The liquidity pool determines market prices based on the AMM system. 

This means that prices are influenced by real metrics, such as volume, market capitalization, and the ratio of buy/sell positions. The best decentralized exchanges not only do away with order books but also KYC processes. This means traders can operate anonymously. 

Most importantly, decentralized exchanges remove counterparty risks. They never hold client-owned cryptocurrencies, as liquidity pool swaps go through automated smart contracts. This ensures trades are executed correctly without requiring intermediaries. 

Decentralized exchanges vs centralized exchanges

These are the key differences between the top decentralized exchanges and centralized cryptocurrency exchanges:

• Custodianship: CEXs provide custodian storage, so you need permission when depositing and withdrawing funds. Your account could be locked or closed at any time, meaning you can’t access the stored cryptocurrencies. DEXs are completely decentralized, so you’re always in control. Cryptocurrencies are never held by third-party custodians, as transactions are conducted via smart contracts. 
• No Order Books: CEXs use order books to match buyers and sellers. For example, if somebody wants to buy ETH at $3,1000, another trader must be willing to sell that ETH for the same price. DEXs use liquidity pools, so you can buy cryptocurrencies even without a seller, and vice versa. 
• Single Point of Failure: CEXs have a single point of failure, meaning customer funds are at risk if they’re hacked. This is also the case if malpractice occurs, just like it did with the FTX bankruptcy. DEXs operate via smart contracts, which are backed by the blockchain. Their distributed nature means no single point of failure exists. 
• KYC Requirements: CEXs operate like traditional entities, meaning KYC requirements are usually strict. Users must provide personal information and a government-issued ID before accessing any services. DEXs, on the other hand, operate decentralized models, enabling users to trade anonymously. 

Benefits of decentralized crypto exchanges

Let’s take a closer look at what benefits to expect when choosing the best decentralized crypto exchange. 

Trade cryptocurrencies anonymously

Best Wallet allows users to trade cryptocurrencies anonymously. No account is required, meaning Best Wallet doesn’t collect any personal information. 

Services can also be accessed without KYC documents, so you won’t need to upload a government-issued ID or proof of address. 

Global inclusiveness

The best DEX providers are inclusive. Traders from around the world are accepted, considering their nationality isn’t taken into account.  

Avoid counterparty risks

Decentralized exchanges immediately swap tokens based on the trader’s requirements. The trade is executed via smart contracts and decentralized liquidity pools. 

At no point will the exchange hold client funds, ensuring a non-custodial experience. This alleviates counterparty risks, as users don’t need to trust a third-party custodian. 

Access a wider range of cryptocurrencies

Centralized exchanges can only offer cryptocurrencies that they’ve decided to list. This means that exchanges rarely offer more than a few hundred tokens. 

In contrast, projects can add their tokens to a decentralized exchange without needing to go through a cumbersome application process. 

They simply need to add funds to a liquidity pool. With Best Wallet, traders have access to millions of tokens from over 60 networks, ensuring all profiles are catered for. 

How to choose a decentralized exchange

Traders should consider the following factors when choosing the best decentralized exchange:

• Fees: Decentralized exchanges charge fees when traders swap tokens. Ensure the fee policy is competitive and transparent. 
• User Experience: Decentralized exchanges should offer a user experience that’s suitable for beginners and experienced traders alike. 
• Privacy: Under no circumstances should a decentralized exchange collect personal information. The end-to-end process should always be anonymous. 
• Supported Networks: Stick with decentralized exchanges that support a wide selection of networks. This provides access to a much larger range of tokens. 
• Fiat Facilities: First-time traders likely need to buy crypto with fiat money, so look for exchanges supporting credit cards and other popular payment methods. 
• Features: The top decentralized exchanges offer additional features to enhance the trading experience. Best Wallet offers a token launchpad, staking, iGaming tools, and more. 

Ultimately, Best Wallet provides everything traders need to avoid centralized risks. As a leading Sui wallet, millions of cryptocurrencies can be traded without order books or intermediaries. Best Wallet users are always in control of their crypto assets, private keys, and backup passphrases. 

By offering non-custodial storage, Best Wallet ensures tokens are kept safe in between trades. Best Wallet users can also access a crypto launchpad, allowing them to buy new cryptocurrencies before they’re added to exchanges. This is in addition to a staking aggregator and fiat services.

References

• What are the most traded cryptocurrencies globally? (pepperstone.com)
• What are meme coins and why did trump launch one? (bloomberg.com)
• Explainer: What is ‘staking,’ the cryptocurrency practice in regulators’ crosshairs? (reuters.com)
• What is a DEX? (coinbase.com)

Frequently Asked Questions