Battle for decentralized change of superiority: Dex VS CEX
In the cryptocurrency world, two popular terms have emerged that described the way users communicate with exchanges: dex (decentralized change) and CEX (Exchange centralized). Although both types of exchanges are used to buy, sell and negotiate crypto currencies, they differ significantly in their architecture, benefits and cases of basic use.
In this article, we will deepen the differences between Dex and CEX, exploring what is most appropriate for your needs and what you should consider before you choose a negotiation platform.
What are Dex and Cex?
Dex (decentralized change) : a decentralized exchange is an internet market where users can buy and sell crypto -waves without the need for a third -party mediator, such as a centralized exchange, such as Binance or coin coin. Decentralized exchanges work with blockchain technology and use smart contracts to facilitate transactions.
CEX (Exchange centralized) : A centralized exchange is a traditional brokerage company that connects customers and sellers directly through its platform. Centralized exchanges control one entity, which means that they require users to register the account, check their identity and deposit agents before the negotiations.
Main different from Dex and CEX
Here are the main differences between Dex and CEX:
* Decentralization opposite centralization : the most obvious difference is that decentralized exchange are completely decentralized without a unique entity that controls them. On the other hand, centralized exchanges have a central authority that manages the platform.
* Transaction rates : Dex -Obsi usually have lower transactions rates compared to CEXS due to the use of intelligent contracts and channel directing.
* Customer interface : Dex platforms usually offer friendly interfaces, with features such as simple buttons for buying/sale and easy reviewing. Centralized exchange can be irresistible for new users, complex menus and technical jargon.
* Security : Although both types of exchange have their vulnerability, decentralized exchange is generally considered safer for the lack of the central point of failure. However, centralized exchange can still be vulnerable if they are not properly protected.
When you use Dex:
Crops : If you are new to the cryptocurrency store, DexS offers a lighter learning curve and friendly interfaces.
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When you use CEX:
Professional merchants : centralized exchanges are ideal for experienced traders who require more control over the control and safety of their accounts.
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Conclusion
In conclusion, the choice between Dex and CEX depends on their individual needs and preferences. Although decentralized stock exchanges offer higher safety, flexibility and lower transactions rates, centralized stock exchanges are best suited for experienced merchants who require control of account management and large quantities trading needs. If you are new to the cryptocurrency negotiations or you need a friendly interface, Dex may be the best choice. However, if you are a professional merchant or require advanced resources, CEX is probably the best robbery.
Recommendations:
- Closed: Start with Dex like Uniswap or SushySwap.
- Large volume dealers: Use Dex high volumes such as binans or huobi.
- Professional merchants: Consider using centralized exchanges such as Coinbase or twin for advanced resources and safety.