CryptoRobotics
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To date, over 400 exchanges are represented on the cryptocurrency market. They can be divided into two types: CEX and DEX 
CEX (centralized exchange) - a centralized exchange, the management of which lies on the outside of a single organization that acts as an intermediary between forums. Examples: Coinbase, Kraken, Binance, FTX.
DEX (Decentralized Exchange) is a decentralized cryptocurrency exchange that operates on blockchain technologies. Examples: Uniswap, Pancakeswap, SushiSwap.
CEX pros:
Fiat/crypto and crypto/fiat currency conversion
Great functionality for trading
High liquidity
Easy to use. Binance, for example, has a lite version for users willing to make basic mistakes.
Cons of CEX:
No access to private keys
Strict Know Your Customer (KYC) policy
Security Risk (CEX is rarely hacked anymore)
DEX pros:
Privacy and anonymity
Only the owner has access to assets and private keys
DeFi and NFT integration
DEX cons:
have fun liquidation is lower than at CEX
Limited trading - features such as margin exceptions, limit orders, futures are usually available
Results:
CEX and DEX allow you to trade cryptocurrencies with ratios like liquidity, security and ease of use.
For beginners, CEX requires an easy and fast way to trade. DEX is more suitable for experienced traders, privacy and full control over their digital funds are required.
CEX (centralized exchange) - a centralized exchange, the management of which lies on the outside of a single organization that acts as an intermediary between forums. Examples: Coinbase, Kraken, Binance, FTX. DEX (Decentralized Exchange) is a decentralized cryptocurrency exchange that operates on blockchain technologies. Examples: Uniswap, Pancakeswap, SushiSwap.CEX pros:
Fiat/crypto and crypto/fiat currency conversion Great functionality for tradingHigh liquidity Easy to use. Binance, for example, has a lite version for users willing to make basic mistakes.Cons of CEX:
No access to private keys Strict Know Your Customer (KYC) policy Security Risk (CEX is rarely hacked anymore)DEX pros:
Privacy and anonymity Only the owner has access to assets and private keys DeFi and NFT integrationDEX cons:
have fun liquidation is lower than at CEX Limited trading - features such as margin exceptions, limit orders, futures are usually availableResults:
CEX and DEX allow you to trade cryptocurrencies with ratios like liquidity, security and ease of use.
For beginners, CEX requires an easy and fast way to trade. DEX is more suitable for experienced traders, privacy and full control over their digital funds are required.
