# Decentralized Exchanges ## Decentralized Exchange (DEX) On Decentralized Exchanges (DEXs), trading works differently compared to traditional centralized exchanges. Here's how trading works on DEXs: 1. No Intermediaries: DEXs operate on blockchain technology, which means there is no central authority or intermediary controlling the exchange. Users directly interact with the smart contracts powering the DEX. 2. Wallet Integration: To trade on a DEX, users need to connect their digital wallets (such as [Uniswap](https://wallet.uniswap.org/)) to the exchange. This allows them to securely manage their funds and interact with the DEX smart contracts. 3. Order Book vs. Automated Market Maker (AMM): There are two common types of DEXs. Some DEXs use an order book model, where buyers and sellers place orders that are matched by the exchange. Other DEXs use an AMM model, where liquidity pools are used to facilitate trades automatically based on predefined algorithms. Popular DEX's that you can trade $XAI are on: * Uniswap: * Camelot: --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://xai-foundation.gitbook.io/xai-network/en/build-on-xai/how-to-get-usdxai/decentralized-exchanges.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.