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🤑 Word of the Day = EXCHANGE 💱

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The term "exchange" refers to a platform—physical or digital—where assets like cryptocurrencies are bought, sold, or traded.

In the crypto world, exchanges can be centralized (CEX) or decentralized (DEX). Centralized exchanges act as intermediaries, managing user funds and orders, while decentralized exchanges allow peer-to-peer trading directly on the blockchain without a middleman. Each type has its pros and cons in terms of security, control, and convenience. Understanding how exchanges work helps you make smarter decisions with your crypto.

Which kind of exchange do you prefer—centralized or decentralized? And why?

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