Cryptocurrency marketing has grown profoundly all around the world today. There are millions of industries who has embark on trading in this system, and for this reason, some investors,technicians and other cryptocurrency analysts has been coming up with new idealogy or strategy on how to make cryptocurrency trading easier and accessible for the users. However, cryptocurrency is believed to be a trade filled with uncertainties due to the instability in their market system, and because of that old strategies for trading in cryptocurrency are being replaced by new ideas to make the trade easier.

One of the system of trading that has proven to be efficient and reliable is the decentralized and centralized exchange. However, this system of trading has become the choice of many cryptocurrency users in the sense that it provides them with blockchain technologies or applications which can assist them in making a better trade.

1. WRITE THE DEFINITION OF DECENTRALIZED AND CENTRALIZED EXCHANGE IN YOUR OWN WORDS.

DECENTRALIZED EXCHANGE

Decentralized Exchange is a system of exchange in which the buying and selling of stock or commodity is being controlled by the trader. In this type of exchange, there is no external officer or personnel that will determine the system of trading; i.e the price of exchange, nature of exchange, or quantity of exchange, it is majorly owned and organized by the owner of the business.

Decentralized exchange is the exchange between two people, the buyer and the seller. In this case the trader has the liberty of making his own decisions while trading without being under any law or policy.

CENTRALIZED EXCHANGE

Centralized Exchange is a system of exchange by which the buying and selling of stocks in the crypto market is not entirely governed by the trader. In this type of Exchange, there is an external body who will officiate the exchange and without an authorization, there will be no trade.

Centralized Exchange is an exchange that is subject to rules and regulations which every trader must abide in. There is no freedom for trading in this system of exchange, rather there is a policy through which every trader or investor must carry out to make his trade legit, and every trade is being controlled through the principle of exchanges.

EXPLAIN IN YOUR OWN WORDS THE DIFFERENCE BETWEEN DECENTRALIZATION AND CENTRALIZATION EXCHANGE.

1. SECURITY

In terms of security, unlike decentralized exchange, centralized exchange is being controlled by an intermediary who sees to it that the exchange is secured. It gives the trader an assurance that their account is safe from theft or hackers.
While decentralized exchange offers little or no security in the sense that the account is being managed by the trader. And it is prone to be hacked if not controlled or manage effectively.

1. ACCESSIBILITY

Decentralized exchange is more accessible than centralized exchange because the account is being owned by the trader, and it cannot be operate by any middleman or authority. But centralized exchange on the other hand gives the owner of the account restrictions in accessing his account.

1. USER-FRIENDLY

Centralized exchange accommodates beginners who are new to the system than decentralized exchange. It gives them the confidence that their investment is secure as long as the follow the principle and policies involve in the exchange. Meanwhile, decentralized exchange requires a lot of expertise and hardworking for one to know how to do trade alone without any guidance.

1. EFFICIENCY AND RELIABLE

One of the profitable reason why people trade on any financial institution is because they must have find it reliable and efficient. Centralized exchange has a lot to offer when it comes to reliability and efficiency than decentralized exchange.

1. NATURE OF EXCHANGE

This the major reason between decentralized and centralized exchange. While decentralized exchange deals with the exchange of goods and services between two people without an intermediary or middleman, centralized exchange deals with the exchange of goods and services through a system that officiate the exchange.
While the former is like a sole proprietorship exchange, the later is more of a partnership exchange.

WRITE ABOUT ANY 2 BEST CENTRALIZED EXCHANGE OF 2021. AND WHY ARE THE BEST IN FRONT OF YOU?

1. COINBASE

This is one of the cryptocurrency wallet that is used to store digital currencies, and also used to sell and buy cryptocurrencies in the global market.
It has being proven to be the best in the sense that it allows users to also compare prices of other cryptocurencies before making their exchange (spot trading). It gives the users tips on when the market is goin up and when its coming down. It is visible and very reliable, it offers a rigid security due to its technology Blockchain.

1. KUCOIN

This is another digital wallet use to store digital wallet in cryptocurrency market. It is considered the best because it is safe and secure and it also give its users access to know the nature of the crypto market; the prices if other coins and their exchange rates.

4.INSTALL METAMASK, AND SHARE STEP BY STEP SCREENSHOT.

1. After installing the file, I opened it.

1. The app refuse to screenshot most of the stages involved while logging in.

1. After the passwords, confirmation of passwords, and identification of phrases, I finally log into the site.

1. This is the home page of Metamask.

1. This is my account home page. As you can see I don't have any fund in it.

1. HOW TO USE UNISWAP, AND SWAP/BUY OR SWAP/SELL ANY COIN.

2. First, log in to your Metamask app

1. Select the "swap" option from the home page.

1. Select the "start swapping" option

1. Select which of the coins you want to swap. For example am using Dai.

1. You can then make your swap.