Basically, decentralized exchanges are networks in which they are intertwined through the peer-to-peer protocol which carry out the exchange process automatically without the need for the help of an intermediary, this type of exchange nobody does the blockchain market I charge your income and make everything automatically a purchase and sale or simply you yourself give the orders to the blockchain to carry out an operation and the same platform performs it without problems or delays. Their security is extreme because no one has the ability to touch your money or your transactions and your data is on multiple servers on the blockchain. But if there is a problem with an Exchange, for example, a hacker finds a vulnerable Exchange and enters the system and your money is not in a wallet, you can lose all your money, there are decentralized exchanges that have security for these things and you may get a certain part of your money back but at other times you don't get anything back. That's why you have to take precautions when using decentralized exchanges. But it is almost impossible for an exchange platform to suffer a hacker attack.

Decentralized exchanges are governed by an entity and as such are governed by the regulations and laws of the entities that comprise it, everything is registered as if it were a private bank, centralized exchanges are governed under anti-hacking security measures but are more vulnerable to them since the data of their clients is protected in a single server, if a hacker enters the system and steals a part of your cryptocurrencies, the exchange platform assures you the coins you had in it in some cases. Because the company is made up of an organization and it is linked to regulated entities that do not allow this type of action. I particularly think that a centralized exchange is better than a decentralized one. Basically the investor is governed by laws that make up the centralized entities.

It is a centralized exchange platform based on blockchains, it is based in San Francisco, unique states, this platform is governed under internal laws which allows its operation, it is currently not allowed in my country, but most people You can enter by changing the dns of your device, this platform is easy to use but to verify it is a bit complex, I took several days because a friend sent me money several years ago and I had to do it, and their system to verify the account It is somewhat cumbersome, and the usage fees are very high, the good thing about coinbase is that you can acquire many of the cryptocurrencies easily through your debit card, but the usage fees are extremely high. But the truth is that it is a very secure and very reliable wallet.