The Differences Between Centralized and Decentralized Cryptocurrency Exchanges

Centralized exchanges

Generally speaking, centralized cryptocurrency exchanges are online platforms that help people buy and sell cryptocurrencies. However, there are also decentralized exchanges, which do not require a third party to store assets and do not have physical offices. There are many advantages and disadvantages to both centralized and decentralized exchanges. It is important to understand the differences between the two before choosing one over the other.