A centralised crypto exchange (CEX) operates with a central authority acting as an intermediary, providing higher liquidity and facilitating quick trades, making it a user-friendly choice for many.
Decentralised exchanges (DEX) allow peer-to-peer trading without intermediaries, enabling users to maintain control over their assets in private wallets, offering more privacy but less regulatory oversight.
Both CEXs and DEXs have their pros and cons; CEXs are known for their convenience and speed while DEXs prioritize user privacy and control over funds.
When choosing between CEX and DEX, it's crucial to assess aspects like security features, regulatory compliance, and alignment with personal investment goals.
#centralised-exchanges #decentralised-exchanges #cryptocurrency-trading #investment-strategies #security-in-crypto
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