In the world of cryptocurrency, trading exchanges are critical by allowing seamless trades.

These exchanges come in two primary types: centralized exchanges (CEXs) and decentralized exchanges (DEXs).

Traditional crypto exchanges operate under a company or authority, offering user-friendly interfaces and enhanced trading options. One drawback, these platforms require third-party custodianship, introducing potential vulnerabilities.

Conversely, decentralized exchanges prioritize user autonomy, enabling self-custody of assets. Despite their focus on privacy and security, they often come with complex interfaces.

When selecting a crypto trading exchange, factors such as security, fees, and supported assets are critical to evaluate.

Ultimately, crypto trading exchanges are indispensable for accessing the crypto market. Understanding their features and risks, users can trade crypto confidently.