Laurence Lambert sordu 7 saat önce
Crypto exchanges serve as the backbone of the cryptocurrency market, facilitating users to exchange, purchase, or offload digital assets.
These exchanges typically fall into two main types: centralized and decentralized.
Centralized exchanges (CEXs) operate like traditional financial institutions, Bitcoin offering accessible features and customer support.
The downside is the reliance on the exchange for fund storage, which may result in fund mismanagement.
On the other hand, decentralized exchanges (DEXs) enable users to transact independently. Built on blockchain protocols and utilizing smart contracts, DEXs enhance security but can be complex to navigate.
Choosing a crypto exchange depends on user needs and priorities. Knowledge of both types assists in effective trading.