Hello Steemians.

Introduction

This week's topic covers; Decentralized and Centralized Exchanges, how to use Uniswap and best Cryptocurrency Exchanges of 2021 by professor @yousafharoonkhan.

Question no 1 :
Write the definition of Decentralized and Centralized Exchange in your own words.(definition should cover exchanges ,not system) only explain in your own words, after understand the exchanges

Decentralized Exchange (DEX)

Decentralized Exchange can be defined as a trade market or blockchain in which the users or customers do their businesses freely without the interference of a third party.
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Centralized Exchange

Centralized Exchange can be defined as a trade market in which the users do not have total freedom or access to the private keys of their own account wallets. Instead, their transactions is being controlled by an intermediary.
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Question no 2 :
Explain in your own words the difference between decentralization and centralization exchanges (answer should related exchanges ,not over all system.. (answer must be written in oun words, copy paste or from other source copy will be not accepted)

Centralized Exchange

1. In Centralized exchange, the trader must go through the verification process known as KYC to ensure that he is verified as well as his documents.

2. In Centralized exchange, both the buyers and sellers pay trading fee on every transaction.

3. In Centralized, the user's capital is not safe. It is prone to hackers attack, because it works on one server.

4. Trading goes on in Centralized exchange platform throughout the year as well, but the exchange platform has maintenance issues.

5. In Centralized exchange, the volume and liquidity of Cryptocurrency trading is on the increase.

6. For Crypto newbies, Centralized exchange is quite easy to explore, because of the many features in Decentralized Exchange.

Question no 3 :
write about any 2 best centralised exchanges of 2021 . why are they best in front of you? (Show screenshot of your verified profile to make verify that you are really using them, or also share any one trade that you made in last 24 hours )

Binance

One thing I live about Binance exchange is it's easy-to-use numerous features which makes it easy for anyone who is still a newbie in Crypto trading to explore it effectively.
Binance is reliable and it has the best couns. It's point of interconnection is user friendly, though before you begin to explore the goodies in this platform, your account needs to be verified. Before now, I've been hearing about Binance and poloniex exchange, but I've not understood it the way I just did now through this lecture. All thanks to @yousafharoonkhan for breaking this topic down to even a lay man's understanding.
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Poloniex

Poloniex is also a crypto trading platform where digital assets like bitcoin, Ethereum, TRON, steem and other altcoins are traded. One good thing about Poloniex exchange is it's ability to keep it's user's transactions safe and in maximum security which saves the users from hackers attack and/or any form of theft.
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Question no 4 :
Install Metamask, and share step by step screenshot ,(Practicle step by step )
To install MetaMask on your device, the following steps are taken:

Open Coingecko

Click on Defi

Click on Decentralized exchange (DEX)

Click on uniswap exchange

Click on about Uniswap

Click on Uniswap exchange site

Click on connect to wallet with MetaMask

Click on Install Metamask

Click on Metamask site

Click on Download now

Click on "Install for Chrome"

Add MetaMask to Chrome

Click on Extension


Thanks

Question no 5 :
How to use Uniswap exchange , and Swap/buy or swap/sell any coin (practicle step by step )
Once your MetaMask is connected to Uniswap, the next thing to do is to start swapping.

• Select the coin you wish to swap and the one you're swapping to.

• Then confirm.

Conclusion

I hope I've been able to explain what centralized and decentralized exchanges are, their differences, the best Cryptocurrency exchanges in 2021 and how to use Uniswap.

Thank you dear Steemian for your time

Thank You.
@yousafharoonkhan and
Crypto Professors at Steemit Crypto Academy