One Hundred Lessons Learned From People About Crypto Exchanges

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A crypto exchange is a digital hub where cryptocurrencies are acquired and swapped.

These exchanges typically fall into two main types: centralized and decentralized.
Centralized exchanges (CEXs) rely on centralized control and oversight, providing user-friendly interfaces and customer support.
However, users must trust the exchange, which exposes them to risks such as hacks or mismanagement.
On the other hand, decentralized exchanges (DEXs) enable users to transact independently. Built on blockchain protocols and utilizing smart contracts, DEXs reduce the risk of hacks but are often less user-friendly.

Choosing a buy crypto exchange depends on user needs and priorities. Knowledge of both types helps users maximize opportunities.

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