Cryptocurrency Exchanges

[Annalise]

I have come to realize that not many people here clearly understand the difference between centralized and decentralized cryptocurrency exchanges.
I would appreciate if someone who understands it very well could put us through.

[tsakf]

I have come to realize that not many people here clearly understand the difference between centralized and decentralized cryptocurrency exchanges.
I would appreciate if someone who understands it very well could put us through.

Centralized cryptocurrency exchamges are companies, so you need to create an account, and pass KYC verification. Decentralized exchanges, are programs that you download, to see the listings. For transaction security, in decentralized exchanges, usually offer escrow services. With centralized exchamges, your coins move to the exchange's wallet, with decentralized, your coins are held in a wallet, that you control. These, are the main differences.

[ZionRTZ]

You claim that not many here understand what DEX and CEX is and yet you ask for people who understand to explain. How do you know then if the one trying to explain understand what he or she is saying? Are you trying to test the users here?

[khufuking]

Centralized exchanges are exchanges that have full control over your funds and the transaction happen while your trading does not appear on any blockchain because in reality they never happened they only happen within the exchange itself only.

Decentralized exchanges are exchanges that offer you full control over your fund and every exchange happen to have a record on blockchain because they do happen in reality.

[aiviaa485]

I will immediately give references to this and give an example.

Decentralized Exchange (market without KYC and Authenticator)
  Example = ForkDelta, EtherDelta, IDEX, WavesDex, TRXmarket

Centralized  Exchange (market that requires KYC and Authenticator)
  Example = Binance, Bittrex, UpBit, BithumbBittrex etc.

Good Luck!

[coinlurker]

I have come to realize that not many people here clearly understand the difference between centralized and decentralized cryptocurrency exchanges.
I would appreciate if someone who understands it very well could put us through.

I will use my little knowledge to explain, what we are using daily fiat is centralized because it has value because government back up the money and it will not be useless paper unless the government decide to abolish it, on the other hand crypto is decentralized which means it is a useless paper and the price of it is make up by the supply and demand of the crypto adopters.

[Chomzzy]

From my own understanding centralized exchanges seems to me to be more bigger in terms of daily volume .
Centralized exchanges also doesn't have single wallet for various Cryptocurrencies like the decentralized exchanges.
Centralized exchanges can be easily manipulated unlike the decentralized exchanges.
I hop this helps.

[Nolkupit46]

Two types of exchanges.. Decentralized exchanges shortly dex, forkdelta.github.io, Etherdelta.com, token jar, IDEX, etc are decentralized exchanges.. Binance, kucoin, trade-io, gate.io, hit BTC, Coinbene, houbi, DigiFinex, BitForex, etc are Centralised exchange.

[hyipmentor]

on centralized exchange you have to do kyc verfication and it will reveal your real identity but in decentralized exchange no need to do kyc and its secret.

[enci55]

What I know is the difference between digital currency exchange is centralized and decentralized. if the market is Large Decentralization Free from government controlled and P2P protocols, while centralized markets provide various services but at the same time issue certain freedoms.

[alstevenson]

I have come to realize that not many people here clearly understand the difference between centralized and decentralized cryptocurrency exchanges.
I would appreciate if someone who understands it very well could put us through.

Centralized exchanges (CeX) are exchanges that the company holds all of the funds in the exchange. While in Decentralized exchange (DeX) you control and hold all of your funds.

[Luckyperson21]

I have come to realize that not many people here clearly understand the difference between centralized and decentralized cryptocurrency exchanges.
I would appreciate if someone who understands it very well could put us through.

Centralized exchange requires an ID, password to be able to access it. Also, security can be added with 2FA (SMS or Google Authenticator). Whereas the Decentralized Exchange does not require an ID to be able to access it. Only need our wallet. And the level of security depends on ourselves.

[Plnshah65]

Centralised exchange having more security and acceptance than that decentralized exchanges. Centralised exchanges are always better to use and having no chance of hacking.

[Plnshah65]

Some centralized exchange : Binance, kucoin, trade-io, gate.io, houbi, DigiFinex, Coinbene, BitForex, idax, bitstamp

Some decentralized exchanges : Forkdelta, Etherdelta, IDEX, Mercatox, token jar, tokenmom,...

[arnishad]

if I in person like you to use Binance, as a result of the degree of the exchange is incredibly high and after all it makes me positive if Binance is very safe for mercantilism and provides you a awfully huge profit.