paint-brush
The Difference Between a CEX and a DEX: Exploring the Pros and Consby@ismailmalik
174 reads

The Difference Between a CEX and a DEX: Exploring the Pros and Cons

by Ismail Malik4mJanuary 26th, 2023
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

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.
featured image - The Difference Between a CEX and a DEX: Exploring the Pros and Cons
Ismail Malik HackerNoon profile picture
Ismail Malik

Ismail Malik

@ismailmalik

HUD founder. In his 19, he was marketing lead of $60 million DAO and in 20s, he was council member of same DAO.

0-item

STORY’S CREDIBILITY

Original Reporting

Original Reporting

This story contains new, firsthand information uncovered by the writer.

L O A D I N G
. . . comments & more!

About Author

Ismail Malik HackerNoon profile picture
Ismail Malik@ismailmalik
HUD founder. In his 19, he was marketing lead of $60 million DAO and in 20s, he was council member of same DAO.

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite