Steemit Crypto Academy Season 2, Week 3 || Decentralized and Centralized Exchanges,How to use uniswap,best Cryptocurrency Exchanges of 2021 - Homework for @yousafharoonkhan

We know the @yousafharoonkhan our crypto academy professor deliver us a lecture on Decentralized and Centralized Exchanges and tell us the use on uniswap. I cover his lecture and done with my homework.

Source

Q:1. Decentralized and Centralized Exchanges

Server that holds your personal information and exchange with any kind of centralized databases or servers is allowing you to access the cryptocurrency market while the decentralized exchange gives you access a decentralized exchange doesn't and can't shut anyone out the foremost. Obvious advantage of adex is that the same as any decentralized application the censorship resistance any application built on a decentralized blockchain cannot be close up unless the whole chain is pack up this is important as many countries have banned or heavily restricted cryptocurrency use so as for citizens of those countries to be ready to access the ecosystem they have applications that their government can't pack up if your access point to the crypto world as a centralized exchange then your ability to access cryptocurrency is not any more free or independent than your ability

Q:2. Difference between Decentralization and Centralization exchanges

to access regular currency a government could still seize your assets pack up your trading or come after you personally decentralized exchanges mitigate much of this risk decentralized exchanges also require the user to be 100% responsible and on top of things of their funds for a few people this could be a negative not everyone wants to be responsible for the security of their assets but by shouldering the responsibility on your own your funds are as secure as you'd like them to be several million dollars of cryptocurrency are stolen from users when the centralized exchange that they used was hacked by taking your funds into your own hands and using index your currency is your responsibility and an organization security vulnerabilities won't affect you in fact the Dex's code can still have vulnerabilities or be compromised so you ought to still use them with caution attempt to educate yourself as good as you'll about the platform that you're using and take extra steps to secure your own assets as good as you'll finally Dex's can facilitate faster and cheaper transactions as code does all the validation there's no middleman paying employees to verify every trade and take huge cuts off of every transaction the code does its work and you get the simplest value also because the most control in your trading it isn't a simple undertaking to decentralize every aspect of an exchange marketplace and while some have nailed down the essential functionalities of swapping coins with other users the more advanced functionalities are by and massive not present someone used two robust and complicated centralized stock trading platforms would be woefully disappointed moving to a decentralized cryptocurrency exchange so therein aspect Dex remains have some catching up to undertake to with centralized exchanges which will generally provide more robust features and a much better user experience Dex's aren't any doubt an important a neighborhood of the long run of cryptocurrency and are already a significant help for people in restricted countries that want to access the blockchain ecosystem with more growth and development time Dex's are going to be more advanced and become a far better and better option against traditional exchanges

Q:3. Two Best Exchanges

I prefer to use Binance and also I'm using Bitmart to HODL. I usually trade crypto but some time I need to hold a asset for a long time to get profit.
Here is my profile of Binance and Bitmart. Binance also show the gain or loss daily on the hold crypto which I really like.'
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All of the taken are available in the wallet even a very small amount of a crypto asset is showing in wallet with the price in USD dollars.

Q:4. Metamask installation Step by Step

We are going to install Metamask extension in our browser by following way to the u=Uniswap to get close to our main target.

• Step:1. First you need to search your favorite coin on Coingecko. follow these mockups for the better understanding.

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• Step:11. Here you can go for to create a new wallet or import already have wallet.

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Q:5.How to use Uniswap exchange

After successfully install and creation of Metamask wallet we are able to use Uniswap.

• Follow the Step:4. of Question 4 and and after it follow these mockups

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• Step:3. I don't have enough balance so I'm not able to sap successfully.

Conclusion

We came to know that centralize exchange not allow a user to use their services without the identity verification and the information can also be shared with other organization. But in decentralized exchanges we freely can trade crypto the identity is only required for the P2P exchange service. We also learn that how to install Metamask in our browser as extension.

Professor: @yousafharoonkhan