Difference between revisions of "Cryptocurrency exchange"

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== Decentralized exchanges ==
 
== Decentralized exchanges ==
 
'''Decentralized exchanges''' do not have legal status, the transaction speed is much lower and there is no possibility to exchange cryptocurrencies for fiat money. However, their advantage is the record of each transaction in the blockchain and anonymity.
 
'''Decentralized exchanges''' do not have legal status, the transaction speed is much lower and there is no possibility to exchange cryptocurrencies for fiat money. However, their advantage is the record of each transaction in the blockchain and anonymity.
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=== Automated market maker ===
  
 
== See also ==
 
== See also ==
  
 
== External links ==
 
== External links ==
* [https://en.wikipedia.org/wiki/Cryptocurrency_exchange Cryptocurrency exchange ''in Wikipedia'']
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* [https://en.wikipedia.org/wiki/Cryptocurrency_exchange Cryptocurrency exchange.] ''Wikipedia''
* [https://golden.com/wiki/Cryptocurrency_exchange-4N9Z5ME Cryptocurrency exchange ''in Golden Wiki'']
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* [https://golden.com/wiki/Cryptocurrency_exchange-4N9Z5ME Cryptocurrency exchange.] ''Golden Wiki''
  
 
== References ==
 
== References ==
 
<references/>
 
<references/>
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{{stub}}
  
 
{{wp|Cryptocurrency_exchange}}
 
{{wp|Cryptocurrency_exchange}}
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{{exchanges}}
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[[Category:Vocabulary]]

Latest revision as of 08:32, 14 July 2022

Exchanges are divided into two types: centralized (CEX) and decentralized (DEX).

Centralized exchanges

The advantage of centralized exchanges is the presence of legal regulation (in most countries), high transaction speed, the ability to transfer cryptocurrencies into real money. Among the disadvantages: cryptocurrency transactions are not registered in the blockchain, so all cryptocurrencies are on the same exchange account. The user identification procedure (KYC) is being actively introduced. If a person refuses to pass it, then his account in the crypto exchange may be frozen.

Decentralized exchanges

Decentralized exchanges do not have legal status, the transaction speed is much lower and there is no possibility to exchange cryptocurrencies for fiat money. However, their advantage is the record of each transaction in the blockchain and anonymity.

Automated market maker

See also

External links

References


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