TLDR
Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are the two main types of cryptocurrency exchanges available. CEXs are operated by a central authority and require users to go through a verification process and deposit funds into the exchange's custody. They offer a wide range of trading pairs, high trading volume, and advanced trading features, but they are also vulnerable to security breaches and hacking attempts. DEXs, on the other hand, operate on a blockchain network and allow for peer-to-peer trading without the need for a central authority. They offer more privacy and security, but have limited trading pairs and lower trading volume. Both CEXs and DEXs have their own unique advantages and disadvantages, and it's important to consider your trading goals and preferences when choosing between the two.via the TL;DR App
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Written by cloudy109 | I am here to write and read
