There are two types of trading platforms in the crypto markets:
CEX — centralized exchange
DEX — decentralized exchange
Both kinds of exchange provide key services and allow users to buy and sell crypto, but they are different in some key elements. Are you curious to know which ones?
I'll show you this difference!
A centralized exchange (CEX), such as Binance, is a crypto exchange created by centralized organizations which exert control over ownership of the exchange.
- Operated by a centralized organization
- Matching buyers & sellers via the order book
- Matchmaking algorithms regulate supply & demand
- Data exchanged internally goes through centralized security processes
- Users have to deposit their crypto in the central wallet to use services
A decentralized exchange (DEX), such as Biswap, is a decentralized finance platform based on the blockchain network.
- Operated by users and liquidity providers
- No third-party operators
- Smart contracts allow traders to exchange crypto
- Peer-to-peer trading
- Users trade directly from their own wallets
Let's make a short comparison between CEX & DEX:
It was just a general overview for a better understanding of the principles of function. Each DEX & CEX have unique features and benefits that attract users, so you will definitely find a perfect match according to your needs and wishes.
Let me give you an example:
Biswap - is a decentralized exchange, but this description is too poor! Behind standard features, you can experience many other unique services & offers:
✅Biswap DEX provides a wide variety of services with cryptocurrencies, such as Exchange, Farming, Staking and others.
✅Biswap DEX has low exchange fees starting from 0.1% & Multi-type Referral Program.
✅Biswap DEX is a leading project with strong partners, high liquidity and a user-friendly approach.
I highly recommend you to visit Biswap DEX to experience all the lucrative opportunities!! Join our social media and local chats not to skip any important announcements.
Explore more about DEX in DeFi:
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