Category: 2. Risks of using exchange (DEX) vs centralised (CEX)?

Both types of crypto exchanges play a major role today in giving newcomers their first exposure to cryptocurrency but have some differences in how they manage crypto storage, liquidity, platform and data security, as well as usability. If you are a reasonably experienced crypto owner, and privacy and control over your funds are of the…

As explained, there are several differences between how centralised crypto exchanges and decentralised crypto exchanges operate. The fundamental difference is that centralised exchanges control user funds while decentralilsed exchanges allow their users to maintain control of their funds. Choosing the right type of exchange to trade crypto, however, does depend on more than just custody…

In the very early days, getting your hands on cryptocurrency wasn’t as simple or easy to do for regular people since using crypto wallets required a certain level of technical knowledge and computer skills. Most people also had to buy crypto informally or from other people using peer-to-peer methods. Centralised crypto exchanges led the charge…

A centralized crypto exchange is a platform that helps people to buy, sell or swap digital assets using fiat currencies and other cryptocurrencies. Simply put, it’s where you go to have someone help you exchange one type of currency – fiat money or cryptocurrency – for another. The term centralised itself is seldom actually used to describe…

Crypto exchanges like Coinbase, Binance and other major crypto-based companies have led cryptocurrencies into mainstream consciousness over the past decade. These centralised exchanges are also the most common way people buy their first digital assets. However, decentralized trading platforms like Uniswap have emerged as a more transparent and accessible alternative to trading crypto. In this…