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Well Cex is centralized exchange and like the name implies it's dependent on external factor. Centralized exchange demands KYC requirements and also is a risk on your privacy protection.
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Well Cex is centralized exchange and like the name implies it's dependent on external factor. Centralized exchange demands KYC requirements and also is a risk on your privacy protection.
Decentralized exchange has helped to regulate a secured transaction and this reduces the risk of being anxious over your fund and military raid over your foot print.
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MRBEAST;18145 wrote:Well Cex is centralized exchange and like the name implies it's dependent on external factor. Centralized exchange demands KYC requirements and also is a risk on your privacy protection.
Decentralized exchange has helped to regulate a secured transaction and this reduces the risk of being anxious over your fund and military raid over your foot print.
Centralized are nostly consisdered cause it has a ledger that succumb to government approval and this embedded to show their transparency. This has makes it easy to attract users believing the government can actually helped in tracking but some are not actually what they said they are.
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gap;18461 wrote:MRBEAST;18145 wrote:Well Cex is centralized exchange and like the name implies it's dependent on external factor. Centralized exchange demands KYC requirements and also is a risk on your privacy protection.
Decentralized exchange has helped to regulate a secured transaction and this reduces the risk of being anxious over your fund and military raid over your foot print.
Centralized are nostly consisdered cause it has a ledger that succumb to government approval and this embedded to show their transparency. This has makes it easy to attract users believing the government can actually helped in tracking but some are not actually what they said they are.
I believe most of the crypto currency community user like liberation of trading but the major reason why most people use Centralized exchange is because of it's huge trading pairs.
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Well Cex is centralized exchange and like the name implies it's dependent on external factor. Centralized exchange demands KYC requirements and also is a risk on your privacy protection.
Centralize exchange demands kyc but decentralized exchange like crypton does not demand kyc and for the people who want to use exchanges that will protect their data, they will have to use crypton exchange because it is fast and safe.
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MRBEAST;18145 wrote:Well Cex is centralized exchange and like the name implies it's dependent on external factor. Centralized exchange demands KYC requirements and also is a risk on your privacy protection.
Centralize exchange demands kyc but decentralized exchange like crypton does not demand kyc and for the people who want to use exchanges that will protect their data, they will have to use crypton exchange because it is fast and safe.
CEX has always been the one most recognized exchange well known by people and with time they have always been alot of breaches in the transaction process and this has always got people of protecting their fund and data by usin DEX.
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Camavinga;18816 wrote:MRBEAST;18145 wrote:Well Cex is centralized exchange and like the name implies it's dependent on external factor. Centralized exchange demands KYC requirements and also is a risk on your privacy protection.
Centralize exchange demands kyc but decentralized exchange like crypton does not demand kyc and for the people who want to use exchanges that will protect their data, they will have to use crypton exchange because it is fast and safe.
CEX has always been the one most recognized exchange well known by people and with time they have always been alot of breaches in the transaction process and this has always got people of protecting their fund and data by usin DEX.
Well hackers out there always prey on an exchange that got traffics and doings,this prompt them to keep phishing attack on very loopholes they got out of exchange.
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Comrade;18822 wrote:Camavinga;18816 wrote:Centralize exchange demands kyc but decentralized exchange like crypton does not demand kyc and for the people who want to use exchanges that will protect their data, they will have to use crypton exchange because it is fast and safe.
CEX has always been the one most recognized exchange well known by people and with time they have always been alot of breaches in the transaction process and this has always got people of protecting their fund and data by usin DEX.
Well hackers out there always prey on an exchange that got traffics and doings,this prompt them to keep phishing attack on very loopholes they got out of exchange.
Thats actually while i prefer a decentralized exchange its has less rate of attacks and more spontaneous untraceable transaction system. Decentralized system has actually makes people have some transaction without a loud announcement protocols, just between sender and the recievers.
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crpuusd;18841 wrote:Comrade;18822 wrote:CEX has always been the one most recognized exchange well known by people and with time they have always been alot of breaches in the transaction process and this has always got people of protecting their fund and data by usin DEX.
Well hackers out there always prey on an exchange that got traffics and doings,this prompt them to keep phishing attack on very loopholes they got out of exchange.
Thats actually while i prefer a decentralized exchange its has less rate of attacks and more spontaneous untraceable transaction system. Decentralized system has actually makes people have some transaction without a loud announcement protocols, just between sender and the recievers.
Well don't be too sure about that and you understand that there are actually some decentralized exchange out there that are not actually decentralized but it's better we focus on what we really know and understand better.
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Guys I have a question we have heard that ground and they don't need help in their campaign. But market is low. But we the clussion I think everyone has really trued
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Europ;18860 wrote:crpuusd;18841 wrote:Well hackers out there always prey on an exchange that got traffics and doings,this prompt them to keep phishing attack on very loopholes they got out of exchange.
Thats actually while i prefer a decentralized exchange its has less rate of attacks and more spontaneous untraceable transaction system. Decentralized system has actually makes people have some transaction without a loud announcement protocols, just between sender and the recievers.
Well don't be too sure about that and you understand that there are actually some decentralized exchange out there that are not actually decentralized but it's better we focus on what we really know and understand better.
That's true we also have the case of crypto wallet that want said to self custodial which is not but you can know an exchange that's not decentralized if search for through their ecosystem.
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gap;18861 wrote:Europ;18860 wrote:Thats actually while i prefer a decentralized exchange its has less rate of attacks and more spontaneous untraceable transaction system. Decentralized system has actually makes people have some transaction without a loud announcement protocols, just between sender and the recievers.
Well don't be too sure about that and you understand that there are actually some decentralized exchange out there that are not actually decentralized but it's better we focus on what we really know and understand better.
That's true we also have the case of crypto wallet that want said to self custodial which is not but you can know an exchange that's not decentralized if search for through their ecosystem.
Yes, by verify whether the DEX is run by a centralized organization or a decentralized community. Look for community involvement in the creation and administration of the exchange, as well as transparency in the decision-making process.
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IyaJJJ;19122 wrote:gap;18861 wrote:Well don't be too sure about that and you understand that there are actually some decentralized exchange out there that are not actually decentralized but it's better we focus on what we really know and understand better.
That's true we also have the case of crypto wallet that want said to self custodial which is not but you can know an exchange that's not decentralized if search for through their ecosystem.
Yes, by verify whether the DEX is run by a centralized organization or a decentralized community. Look for community involvement in the creation and administration of the exchange, as well as transparency in the decision-making process.
Users have complete control over their funds in a truly decentralized exchange. They control their own wallets and are in possession of their private keys.
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level;19123 wrote:IyaJJJ;19122 wrote:That's true we also have the case of crypto wallet that want said to self custodial which is not but you can know an exchange that's not decentralized if search for through their ecosystem.
Yes, by verify whether the DEX is run by a centralized organization or a decentralized community. Look for community involvement in the creation and administration of the exchange, as well as transparency in the decision-making process.
Users have complete control over their funds in a truly decentralized exchange. They control their own wallets and are in possession of their private keys.
It indicates a centralization element if the exchange requires users to deposit money into a central wallet or if it has control over user funds.
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joanna;19124 wrote:level;19123 wrote:Yes, by verify whether the DEX is run by a centralized organization or a decentralized community. Look for community involvement in the creation and administration of the exchange, as well as transparency in the decision-making process.
Users have complete control over their funds in a truly decentralized exchange. They control their own wallets and are in possession of their private keys.
It indicates a centralization element if the exchange requires users to deposit money into a central wallet or if it has control over user funds.
A centralized exchange typically keeps a centralized order book, which means that the exchange is in charge of trade matching and execution.
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oba;19125 wrote:joanna;19124 wrote:Users have complete control over their funds in a truly decentralized exchange. They control their own wallets and are in possession of their private keys.
It indicates a centralization element if the exchange requires users to deposit money into a central wallet or if it has control over user funds.
A centralized exchange typically keeps a centralized order book, which means that the exchange is in charge of trade matching and execution.
In a decentralized exchange, network users or other decentralized mechanisms should distribute and maintain the order book.
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thrive;19126 wrote:oba;19125 wrote:It indicates a centralization element if the exchange requires users to deposit money into a central wallet or if it has control over user funds.
A centralized exchange typically keeps a centralized order book, which means that the exchange is in charge of trade matching and execution.
In a decentralized exchange, network users or other decentralized mechanisms should distribute and maintain the order book.
Anyone should be able to use a decentralized exchange without the need for KYC (Know Your Customer) or other identity verification procedures, and they should be able to trade on the platform.
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IyaJJJ;19127 wrote:thrive;19126 wrote:A centralized exchange typically keeps a centralized order book, which means that the exchange is in charge of trade matching and execution.
In a decentralized exchange, network users or other decentralized mechanisms should distribute and maintain the order book.
Anyone should be able to use a decentralized exchange without the need for KYC (Know Your Customer) or other identity verification procedures, and they should be able to trade on the platform.
It may not be truly decentralized if the DEX imposes stringent access controls or necessitates users to go through centralized verification procedures.
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level;19128 wrote:IyaJJJ;19127 wrote:In a decentralized exchange, network users or other decentralized mechanisms should distribute and maintain the order book.
Anyone should be able to use a decentralized exchange without the need for KYC (Know Your Customer) or other identity verification procedures, and they should be able to trade on the platform.
It may not be truly decentralized if the DEX imposes stringent access controls or necessitates users to go through centralized verification procedures.
For the sake of security and privacy, a decentralized exchange should keep user data in a decentralized fashion.
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joanna;19129 wrote:level;19128 wrote:Anyone should be able to use a decentralized exchange without the need for KYC (Know Your Customer) or other identity verification procedures, and they should be able to trade on the platform.
It may not be truly decentralized if the DEX imposes stringent access controls or necessitates users to go through centralized verification procedures.
For the sake of security and privacy, a decentralized exchange should keep user data in a decentralized fashion.
There are issues with decentralization if the DEX centralizes user data storage or shares it with outside parties.
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oba;19130 wrote:joanna;19129 wrote:It may not be truly decentralized if the DEX imposes stringent access controls or necessitates users to go through centralized verification procedures.
For the sake of security and privacy, a decentralized exchange should keep user data in a decentralized fashion.
There are issues with decentralization if the DEX centralizes user data storage or shares it with outside parties.
A decentralized exchange runs on a distributed network infrastructure that is typically built on the blockchain or another peer-to-peer protocol.
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thrive;19131 wrote:oba;19130 wrote:For the sake of security and privacy, a decentralized exchange should keep user data in a decentralized fashion.
There are issues with decentralization if the DEX centralizes user data storage or shares it with outside parties.
A decentralized exchange runs on a distributed network infrastructure that is typically built on the blockchain or another peer-to-peer protocol.
It is good to check to see if the network's infrastructure is distributed, with many nodes contributing to the network's stability and security.
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IyaJJJ;19132 wrote:thrive;19131 wrote:There are issues with decentralization if the DEX centralizes user data storage or shares it with outside parties.
A decentralized exchange runs on a distributed network infrastructure that is typically built on the blockchain or another peer-to-peer protocol.
It is good to check to see if the network's infrastructure is distributed, with many nodes contributing to the network's stability and security.
The interoperability of a decentralized exchange with other blockchain networks and projects is essential. A more decentralized approach is implied by the ability to trade assets across multiple blockchains.
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level;19133 wrote:IyaJJJ;19132 wrote:A decentralized exchange runs on a distributed network infrastructure that is typically built on the blockchain or another peer-to-peer protocol.
It is good to check to see if the network's infrastructure is distributed, with many nodes contributing to the network's stability and security.
The interoperability of a decentralized exchange with other blockchain networks and projects is essential. A more decentralized approach is implied by the ability to trade assets across multiple blockchains.
Keep in mind that truly decentralized exchanges want to give users control, privacy, and an environment free from trust.
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joanna;19134 wrote:level;19133 wrote:It is good to check to see if the network's infrastructure is distributed, with many nodes contributing to the network's stability and security.
The interoperability of a decentralized exchange with other blockchain networks and projects is essential. A more decentralized approach is implied by the ability to trade assets across multiple blockchains.
Keep in mind that truly decentralized exchanges want to give users control, privacy, and an environment free from trust.
Before using any DEX, it is crucial to conduct in-depth research, and review the technical specifications, public opinion, and operational models.
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