What is centralized and decentralized exchange ? centralized VS decentralized
What is centralized exchange ?
Centralized exchanges are taken into consideration the most commonplace form of cryptocurrency exchanges and facilitate the buying and selling of cryptocurrencies with fiat currencies similarly to shopping for cryptocurrencies with different cryptocurrencies. most centralized exchanges accept bills through bank or twine transfers and debit or credit score card bills.
List of Centralized Exchange
2.Easy to use
1.Exchange control funds
2.Personal documents require
4.possible to be hacked
What is decentralized exchange?
A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, users trade directly (peer to peer) through an automated process.
List of decentralized exchange
1.Users are anonymous,decentralized exchanges don’t require any personal information.
2.user control their own funds.
3.Safe from hacking
4.no trading fees
5.no personal documents to apply
1.not easy to use
3.if you computer has been hacked, said bye bye
4.Trading features like margin trading, lending and stop loss are currently not available