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Crypto exchanges serve as the backbone of the cryptocurrency market, allowing users to exchange, purchase, or offload digital assets.

These exchanges typically fall into two main types: centralized and decentralized.
Centralized exchanges (CEXs) are controlled by central authorities, providing convenience for participants.
The downside is the reliance on the exchange for fund storage, which increases exposure to hacks.
On the other hand, decentralized exchanges (DEXs) enable users to transact independently. Using blockchain technology and smart contracts, DEXs enhance security but can be complex to navigate.

Choosing a trade crypto exchange depends on user needs and priorities. By understanding the key features of CEXs and DEXs, individuals gain confidence in their cryptocurrency journey.

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