Crypto exchanges serve as the backbone of the cryptocurrency market, enabling users to buy, sell, and trade digital assets.

These exchanges can be divided into two main types: centralized and decentralized.
Centralized exchanges (CEXs) are controlled by central authorities, visit this page ensuring smooth transactions for participants.
However, they involve third-party custodianship, which makes them vulnerable to security breaches and fund losses.
Conversely, decentralized exchanges (DEXs) offer a trustless, peer-to-peer trading environment. Built on blockchain protocols and utilizing smart contracts, DEXs enhance security but may challenge beginners due to technical interfaces.

Choosing a crypto exchange is influenced by personal preferences and goals. Knowledge of both types ensures better crypto experiences.