CUSTOM CRYPTOCURRENCY DEVELOPMENT PLATFORM ON WHICH YOU CAN BUY AND SELL CRYPTOCURRENCY A COMPLETE GUIDE FOR CRYPTO EXCHNAGE
WHAT IS CRYPTO EXCHANGE? What are Crypto Exchanges? Crypto exchange are platforms that helps the trading of cryptocurrencies. In effect, cryptocurrency exchanges act as an platform between a buyer and a seller and make money through commissions and transaction fees.
DIFFERENT TYPES OF CRYPTO EXCHANGES 1. Centralized
2. Decentralized
exchanges
exchanges
3. Hybrid cryptocurrency exchanges
CENTRALIZED EXCHANGE CEXes are most known and traditional in the crypto sphere. They are governed by a company that offers the options of both cryptoto-crypto trading and fiat-to-crypto gateway.
Examples of centralized cryptocurrency exchanges include :-
Coinbase GDAX Kraken Gemini
ADVANTAGES || DISADVANTAGES 1. User-friendly
1. Hacking risk
2. Reliable
1. Transaction fees
3. Protects against scandals
1. Strict Regulations
DECENTRALIZED EXCHANGES DEX is an alternative to CEX without a central point of failure, no company is in charge of the assets. In comparison with traditional CEX, the transactions and trades are automated by using smart contracts and decentralized applications.
Examples of decentralized cryptocurrency exchanges include: AirSwap io Barterdex Blocknet
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