What is a decentralised exchange?¶

A decentralised exchange is a blockchain protocol that lets a wallet swap assets through smart contracts without every trade passing through a conventional custodial customer account.

The counterparty may be a pool or contract¶

The chain can record wallet addresses, contract calls, token transfers, fees and time. Liquidity pools can execute trades without one opposing customer. No KYC account may exist for the protocol interaction, although interfaces, domains, funding exchanges and endpoints may retain relevant evidence.

Reconstruct the contract activity¶

Preserve network, wallet, hash, protocol and contract addresses, token contracts, amounts and fees. Do not rely only on the interface summary; the transaction can contain several calls and transfers.

On-chain use neither identifies the person nor proves criminal intent. Attribute the controlling wallet through provider, endpoint, key, communications and context.