Key differences between DEXs and CEXs
2 min read
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Feb 1
This post describes the key differences between the decentralized and centralized exchanges (DEXs and CEXs) briefly and in little detail.
A few examples of CEXs are Binance, FTX, Coinbase, and Kraken. A few examples of DEXs are Uniswap, dYdX, and PancakeSwap. For the full lists, see coinmarketcap.com: DEXs, CEXs.
DEXs versus CEXs:
• Faster to operate as there is no need to register and no need to replenish the deposit beforehand.
• As a rule, total fees are lower, since you don’t need to replenish the deposit and then withdraw funds from it to put them in the wallet.
• Since there is no intermediary organization, there is no on
What is a DEX? Part 1: Fundamentals of Trading MarketDecentralized Exchanges (DEX) have emerged as a revolutionary approach to trading digital assets. Unlike traditional centralized platforms, DEX represents a peer-to-peer marketplace powered by blockchain smart contracts where users can trade directly without intermediaries. Before exploring the differences between Decentralized and Centralized Exchanges, it's crucial to have a solid understanding of trading fundamentals — grasping how the market operates, comprehending concepts like liquidity, and knowing the roles of market makers and market takers. Basic Concepts of Trading Market: Liquidity, Market-Makers and Market Takers L