A centralized crypto exchange is a platform that facilitates the buying and selling of cryptocurrencies through a central authority that controls the exchange's operations. These exchanges typically require users to create an account and undergo a verification process to access their services. Centralized exchanges offer high liquidity, advanced trading tools, and a wide variety of cryptocurrencies, but they also come with security risks as users have to trust the exchange with their funds.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article