Lizzie Harney sordu 22 saat önce
Crypto exchanges serve as the backbone of the cryptocurrency market, allowing users to acquire and transact with digital assets.
These exchanges can be divided into two main types: centralized and decentralized.
Centralized exchanges (CEXs) are controlled by central authorities, providing convenience for participants.
The downside is the reliance on the exchange for fund storage, which may result in fund mismanagement.
Conversely, decentralized exchanges (DEXs) offer a trustless, peer-to-peer trading environment. Built on blockchain protocols and utilizing smart contracts, DEXs prioritize user control but can be complex to navigate.
To select the right crypto exchange, users should evaluate security, fees, and features. By understanding the key features of CEXs and DEXs, individuals can make informed trading decisions.