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Centralized exchange (CEX) vs decentralized exchange (DEX).

onlyprofits

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With the enormous growth that the cryptocurrency market has had, many exchangers have emerged, among the most famous we have Binance, Poloniex, Bitfinex, Bitrex.
Currently we find two types, centralized exchangers (CEX) and decentralized exchangers (DEX).

CENTRALIZED EXCHANGERS (CEX)
The most famous are those already mentioned above. They are centralized because they have an intermediary, for the case that concerns us are the platforms, one of the great disadvantages is that the users do not own all the cryptocurrencies they are exchanging since they do not have the private keys of the funds and all the data They are stored on a central server, which is why they are very vulnerable to attack by hackers or scams.

DECENTRALIZED EXCHANGERS (DEX)
Among the best known we have Waves, Changelly, OpenLedger, Ox, EtherDelta, ShapeShift, Bitsqueare, etc.
These exchangers are not managed by a platform, they operate with software that works with blockchain technology. Transactions are made between p2p peers.
One of its great advantages is that governments and regulations do not exist, there is a huge level of anonymity when making any transaction.
You are not spared from hackers as your server is exposed on the internet.
They have many token options unlike CEXs that find it difficult to include new coins due to restrictions.
They are strongly criticized since they use them for money laundering, since they do not require any documentation to be able to carry out operations in them.

Al parecer los dos tipos tienen sus ventajas y desventajas, para mí sería necesario controlar la parte anónima de las transacciones, ya que esto lleva a que se utilicen para operaciones deshonestas.

What is your opinion for one or another type of exchanger?
 
Decentralized exchanges are always better there you need not to put in your funds and you can trade in a blink without sharing your important data profile
 
The decentralized exchanges to me is the most secured exchange because if the security and liberty it offers it's users as compared to centralized exchange.
 
The decentralized Exchanges sounds more secure but the fact is that they can also be hacked too and transaction fee is usually higher when running transactions on DEXs.
 
The decentralized Exchanges sounds more secure but the fact is that they can also be hacked too and transaction fee is usually higher when running transactions on DEXs.
Their hack occurs when the blockchain is hacked. Secondly , there are thousands of blocks to be broken before such hack is achieved.
 
Their hack occurs when the blockchain is hacked. Secondly , there are thousands of blocks to be broken before such hack is achieved.
So it means the decentralized Exchanges wallets can't easily be hacked if that's true , the only challenge remains the transaction or swapping fee.
 
So it means the decentralized Exchanges wallets can't easily be hacked if that's true , the only challenge remains the transaction or swapping fee.
Yeah. Nothing is not impregnable is just that with decentralized exchange , the hacking won't really be easy as there are many blocks that need to be broken.
 
I personally prefer a decentralized exchange system because that is much better in protecting your identity and personal information as well.
 
I personally prefer a decentralized exchange system because that is much better in protecting your identity and personal information as well.
Exactly. In centralized exchange , your personal details is available to the centralized exchange owners and this is risky as when the exchange is hacked , you details will be exposed.
 
With the enormous growth that the cryptocurrency market has had, many exchangers have emerged, among the most famous we have Binance, Poloniex, Bitfinex, Bitrex.
Currently we find two types, centralized exchangers (CEX) and decentralized exchangers (DEX).

CENTRALIZED EXCHANGERS (CEX)
The most famous are those already mentioned above. They are centralized because they have an intermediary, for the case that concerns us are the platforms, one of the great disadvantages is that the users do not own all the cryptocurrencies they are exchanging since they do not have the private keys of the funds and all the data They are stored on a central server, which is why they are very vulnerable to attack by hackers or scams.

DECENTRALIZED EXCHANGERS (DEX)
Among the best known we have Waves, Changelly, OpenLedger, Ox, EtherDelta, ShapeShift, Bitsqueare, etc.
These exchangers are not managed by a platform, they operate with software that works with blockchain technology. Transactions are made between p2p peers.
One of its great advantages is that governments and regulations do not exist, there is a huge level of anonymity when making any transaction.
You are not spared from hackers as your server is exposed on the internet.
They have many token options unlike CEXs that find it difficult to include new coins due to restrictions.
They are strongly criticized since they use them for money laundering, since they do not require any documentation to be able to carry out operations in them.

Al parecer los dos tipos tienen sus ventajas y desventajas, para mí sería necesario controlar la parte anónima de las transacciones, ya que esto lleva a que se utilicen para operaciones deshonestas.

What is your opinion for one or another type of exchanger?
I think both have there use cases for existence. As you mentioned CEX is not anonymous because you have to do KYC and you do not hold the key, pro here is the transparency of money flows, that if you cash out, some (tax) authorities might wanna see. If you cash out from CEX, there might be a shady look on this transactions if the authorities look into it.
I am using both, since the authorities where I am taxed, currently looking quite deep into crypto earnings. For assets that might be cashed out in the near future, CEX is my way to go - for others DEX rules!
 
I think both have there use cases for existence. As you mentioned CEX is not anonymous because you have to do KYC and you do not hold the key, pro here is the transparency of money flows, that if you cash out, some (tax) authorities might wanna see. If you cash out from CEX, there might be a shady look on this transactions if the authorities look into it.
I am using both, since the authorities where I am taxed, currently looking quite deep into crypto earnings. For assets that might be cashed out in the near future, CEX is my way to go - for others DEX rules!
Well , you said it right . I too use cex for my trading and Dex for holdl coins for long term purposes . Another challenge with Dex is that one cannot withdraw through it.
 
With the enormous growth that the cryptocurrency market has had, many exchangers have emerged, among the most famous we have Binance, Poloniex, Bitfinex, Bitrex.
Currently we find two types, centralized exchangers (CEX) and decentralized exchangers (DEX).

CENTRALIZED EXCHANGERS (CEX)
The most famous are those already mentioned above. They are centralized because they have an intermediary, for the case that concerns us are the platforms, one of the great disadvantages is that the users do not own all the cryptocurrencies they are exchanging since they do not have the private keys of the funds and all the data They are stored on a central server, which is why they are very vulnerable to attack by hackers or scams.

DECENTRALIZED EXCHANGERS (DEX)
Among the best known we have Waves, Changelly, OpenLedger, Ox, EtherDelta, ShapeShift, Bitsqueare, etc.
These exchangers are not managed by a platform, they operate with software that works with blockchain technology. Transactions are made between p2p peers.
One of its great advantages is that governments and regulations do not exist, there is a huge level of anonymity when making any transaction.
You are not spared from hackers as your server is exposed on the internet.
They have many token options unlike CEXs that find it difficult to include new coins due to restrictions.
They are strongly criticized since they use them for money laundering, since they do not require any documentation to be able to carry out operations in them.

Al parecer los dos tipos tienen sus ventajas y desventajas, para mí sería necesario controlar la parte anónima de las transacciones, ya que esto lleva a que se utilicen para operaciones deshonestas.

What is your opinion for one or another type of exchanger?
I stick for DEXs, but use CEXs as well. Of course, with CEX you don't own your crypto, however it's more user-friendly, that's why people choose it. But DEXs have much more advantaged, like you said – no regulations, and also have more trading pairs, but the most important that you truly own your crypto as a decentralized exchange doesn't store your private keys (!) For those who want to better understand this matter, here is an article with details: DEXs vs CEXs
 
Centralised exchange is an online platform where you can buy, trade and sell coins which is been controlled by the wallet where as decentralised exchange is also the buying and selling of crypto which the funds are controlled by you.
 
in my opinion I use to buy sell and trade the CEX and I only have the trading money usually there since I do not trust them much in the background and on the other hand the DEX although I have used them little have something that I do not like and is their high fee, but they have some advantages over the CEX.
 
in my opinion I use to buy sell and trade the CEX and I only have the trading money usually there since I do not trust them much in the background and on the other hand the DEX although I have used them little have something that I do not like and is their high fee, but they have some advantages over the CEX.
Yeah, equally they have advantages but to me, interms of safety in you saving, i think CEX is always well trusted than DEX. But that's individual difference, some can prefer DEX than CEX. But both include the buying and selling of crypto.
 
Decentralised exchange is better because you actually own your crypto currency so if the exchange goes bankrupt your money is still safe. Now if it's DEX if they do out of business your crypto currency is at risk because you don't own the seed phrase while people right now usually use Binance which is a CEX because it's the most secure and famous probably. Lots of coins to trade easily trade to fiat as well.
 
Decentralised exchange is better because you actually own your crypto currency so if the exchange goes bankrupt your money is still safe. Now if it's DEX if they do out of business your crypto currency is at risk because you don't own the seed phrase while people right now usually use Binance which is a CEX because it's the most secure and famous probably. Lots of coins to trade easily trade to fiat as well.
Yeah, i think in terms of trust and security, decentralised Exchange is the best. Sometimes your assest are always secure because after you going through their verification, your assests and everything is been controlled by them.
 
Yeah, equally they have advantages but to me, interms of safety in you saving, i think CEX is always well trusted than DEX. But that's individual difference, some can prefer DEX than CEX. But both include the buying and selling of crypto.
well I think the CEX the main problem they have is in their own name that they are centralized and you will never be sure of your funds although you would also have to see how decentralized the DEX are, in the end I prefer to buy my funds in my cold wallet Ledger usually ...
 
well I think the CEX the main problem they have is in their own name that they are centralized and you will never be sure of your funds although you would also have to see how decentralized the DEX are, in the end I prefer to buy my funds in my cold wallet Ledger usually ...
Actually, we are always looking for the best wallet to make our investment. As you said that in centralised wallet they never be sure of your funds. Sometimes, we need to always set the security to our wallet, we ourselves.
 
Actually, we are always looking for the best wallet to make our investment. As you said that in centralised wallet they never be sure of your funds. Sometimes, we need to always set the security to our wallet, we ourselves.
Yes, definitely when Bitcoin was created it was done for this reason so that you could self-guard your money without a trusted third party, to avoid things like what happened with FTX we must learn from events and the past so as not to fall into the same mistakes.
 

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