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?
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?