How are you all? Hope you are all well. We will know today How centralized exchange and Decentralize exchange work, and which one will be better for us, And these two mediums are briefly referred to as Cex and Dex, First let's know about Decentralized Exchange or Dex, It is an Exchange that works without any central authority. In simple words, no one can control this Exchange, and that is why it is very popular. Users can trade directly with each other through smart contracts.

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Since it is a Decentralization Blockchain technology, there is no possibility of asset theft from here, because to use this Exchange, users don't have to deposit their assets anywhere, it can be used only by connecting the Wallet.
Some of the popular Decentralized Exchanges are Uniswap, Shoshiswap, PancakeSwap, etc.
Now let's know how centralized exchange or CEX works.
Centralized means it is controlled by someone, like a bank centralized bank is controlled by someone, even if the bank wants to declare the bank closed, collapse again, and can scam.
But centralized exchange is the most used, because centralized exchange has many advantages which decentralized exchange does not have.
Popular centralized exchanges are Binance, Coinbase, Bybit,
Centralized exchange and Decentralized exchange both have advantages and disadvantages, but some centralized exchanges keep backup for fund security of users, like if you deposit 100 dollars they keep 100 dollars backup,
It keeps the user's fund safe,

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If there is an announcement to stop the service in the future, or a collapse, or a big theft, then they will fund back everyone from the backup fund.
, such categories of centralized exchanges can be used such as Binance, this centralized exchange is safe for us,

I hope everyone understands, everyone be well, Allah-Hafez