#CEXvsDEX101 Centralized vs. Decentralized Cryptocurrency Exchanges: Which Should You Choose?

You probably use a cryptocurrency exchange platform to conduct your transactions. These platforms can be centralized or decentralized, a fundamental design decision that affects virtually every aspect of your trading experience.

Decentralized exchanges, like the blockchain technology that underpins them, rely on consensus mechanisms, with data distributed among users. However, centralized exchanges are undeniably more accessible. Which should you choose? The decision is based on trade-offs and priorities.