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A Crypto Trading exchange is a platform where cryptocurrencies are acquired and swapped.

Crypto exchanges can be divided into two main categories: centralized and decentralized platforms.
Centralized exchanges (CEXs) depend on third-party operators, providing convenience for traders.
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. Using blockchain technology and smart contracts, DEXs prioritize user control but may challenge beginners due to technical interfaces.

To select the right crypto exchange, users ought to review reputation, tools, and transaction fees. Knowledge of both types helps users maximize opportunities.

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