How does DEX differ from the centralized crypto exchange platform?
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That is to say, for crypto traders there two major types of crypto exchange platforms are available. That is a centralized and decentralized exchange platform. CEX contains the following things
- Surely required KYC
- Transactions happen in the fastest
- Trading was happening via exchange
- It functions under regulation
Decentralized Exchange script contains the following beneficial terms
- Crypto trading happens in an anonymous way
- Collect low fees for doing activities on the platform
- Trading happens in a P2P way
Both are useful for crypto traders just cut them into two types by giving a preference shown by them.