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RE: Decentralized Exchange Vs Centralized Exchange - Are They Future Of Exchanges ?

in #bitcoin6 years ago

there is a big technical difference. on a centralized exchange, you transfer your coins onto it, they hold them there, then withdraw as you want. that can get hacked. a decentralized exchange is just an interface with an order book. your coins are never transferred there (except IDEX, which is a hybrid). So think of DEX like peer to peer, wallet to wallet trades.

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Yeah, I know and decentralized are platform but users are not much aware about decentralized exchanges.
It's little bit complicated.
I have account on decentralized platform.
Thanks for sharing, I support decentralized exchanges..

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