Dex Vs Cex: Centralized And Decentralized Exchanges
Many centralized exchanges require shoppers to provide documentation, identification and delicate financial and personal data so as to use their platform. This is called KYC (know your customer) and is usually necessary for regulatory compliance within respective jurisdictions. If you would possibly be looking for entry with fiat money, you need to go together with centralized exchanges. Decentralized exchanges primarily give attention to crypto, while peer-to-peer might assist gift cards, native money, or bank transfers. CEXs additionally provide excessive liquidity, making them appropriate for trading massive volumes with minimal slippage. Trades...