That statement can confuse a lot of people.

While the speaker might just mean “use Trust Wallet to access a DEX”, it sounds like Trust Wallet itself is the DEX.

It’s not.

Let’s clear up the misconception!

2️⃣

What is a Non-Custodial Wallet?

A non-custodial wallet is a wallet where you hold your private keys, and no one else has access to your funds.

Examples:

– Trust Wallet

– MetaMask

– Phantom/ Solfare

– Keplr

It’s your personal Vault.

3️⃣

A non-custodial wallet like Trust Wallet allows you to: 

-Store your tokens

-Send/receive crypto

-Connect to dApps & DEXes

-Sign transactions

But what it doesn’t do is provide a trading platform by itself.

4️⃣

 What is a DEX (Decentralized Exchange)?

A DEX allows you to trade crypto tokens peer-to-peer using smart contracts, without needing a centralized authority.

Examples:

– Uniswap

– PancakeSwap

– Trader Joe

– Raydium

No sign-ups. No KYC. Just connect your wallet & trade.

5️⃣

So what’s the real difference?

Trust wallet and PancakeSwap as an example.

Trust Wallet;

-Is a Non-custodial wallet.

-It Stores tokens.

-You hold private keys.

-Can connect to DEX 

PancakeSwap;

-Is a Decentralized Exchange

-Enables token swaps

-You interact via smart contracts

-Is the DEX

6️⃣

 Trust Wallet is like your bank card That allows you access to money in your bank.

PancakeSwap is like a POS machine or marketplace.

You can’t buy anything with just the card. You need to connect it to a DEX to complete a trade.

8️⃣

 In Summary:

– Trust Wallet and other wallets are Non-custodial Wallets.

– DEX(Decentralised Exchange) is a Trading Platform.

– You can access a DEX through a Wallet, but the Wallet itself is not a DEX

Know the tools you're using.