What Is a Decentralized Crypto Exchange, How Is It Different Than Coinbase?

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Let's be honest: the world of crypto can be confusing if you're looking to dig deeper than Bitcoin or Ethereum.

Heck, even if you're looking to follow Tesla  (TSLA) - Get Report CEO Elon Musk when it comes to his bullish stance on dogecoin, then the space gets slightly more confusing. 

So, let's demystify it a little bit.

Daniel Roberts, editor-in-chief of Decrypt, joined TheStreet to tackle some viewer questions.

One such question focused on traditional versus decentralized crypto exchanges.

Okay, if I lost you there then let's put it this way: Coinbase versus DEX. 

DEX allows those who want to make a transaction to execute it without a middle man, such as a market maker. However, Coinbase--which is a centralized exchange, will use middlemen to execute the trade.

Watch the full interview with Roberts: 

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