Crypto exchanges like Coinbase, Binance and other major crypto-based companies have led cryptocurrencies into mainstream consciousness over the past decade. These centralised exchanges are also the most common way people buy their first digital assets. However, decentralized trading platforms like Uniswap have emerged as a more transparent and accessible alternative to trading crypto.
In this article, you’ll learn:
- The key differences between a centralised exchange (CEX) and a decentralised exchange (DEX)
- A comparative analysis weighing the pros and cons of a DEX vs a CEX
- What kind of users are best suited to use a CEX or a DEX
In this way, you’ll be able to better understand which type of exchange suits your trading needs and preferences so you can decide if it’s better for you to trade crypto at a CEX or a DEX.
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