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What is Centralized and Decentralized Exchange?


xtinepink

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Trading, bitcoins and other altcoins, is fun and can give you good profits. Let’s differentiate what is decentralized and centralized  exchange.

Most of us uses centralized exchanges such as coinbase,binance, bittrex etc. These exchanges manage a person’s capital (and private keys) and facilitate trading.

Decentralized exchanges also known as DEX’s promise a world in which cryptocurrency can be traded without a centralized middlemen. As for those who didn’t know, Binance just announced having to launch a decentralized exchange, I believe it’s Binance Chain. The well known decentralized exchange atm are etherdelta and idex.

 

Hope you guys enjoyed a little information about this one. Thanks for reading.

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