Hi sir @yousafharoonkhan,

@kiranjafar here,

Centralized Exchange and Decentralized Exchange.

With the advent of blockchain technology, the concept of decentralisation was born. DEX is a type of cryptocurrency exchange that provides a peer-to-peer (P2P) service that allows investors to trade cryptocurrencies with one another. Users of the DEX can trade and store their coins independently on the blockchain. In other words, users can conduct transactions among themselves without requiring the assistance of a third party. One of the safest ways to send money on the blockchain is through this method. Anyone with a computer that is connected to the blockchain system can assist in the money transfer. There are thousands of nodes in this system, and each computer connected to it is referred to as a "node." For instance, I am a hacker. I'm looking for information to steal. To do so, I'll need to record every node connected to the system. Hacking becomes impossible as a result of this.

In contrast to Decentralized Exchange, Centralized Exchange is a type of exchange that is the polar opposite of it. When CEX users want to trade crypto money, a third party is involved in the transaction. As a result, a centralised agent is in charge of the process. Because transactions are conducted from a single location, CEX is more vulnerable to hacking than DEX, and if CEX is hacked, all users' information is at risk.

source

Decentralization and centralization exchanges are two different things..

1.In DEXs, you don't have any identity information, but in CEXs, users' identity information is stored on servers. There is no data recovery situation in DEXs because there is no KYC. You must safeguard private keys and other sensitive information.

2.As I mentioned in the definition, DEXs have a lower chance of being hacked because their security is better than CEX.

3.CEX outperforms DEX in terms of processing speed. The transactions of users are processed more quickly.

4.DEX charges a lower transaction fee than CEX.

5.Because investors prefer CEXs, DEXs have a small number of users. As a result, CEX has a higher volume than DEX.

6.CEXs are profit-generating platforms created by individuals or businesses. The platform's future decisions are made by the person or company who owns the platform.

Write about 2 of 2021's best centralised exchanges. Why are they best before you?

1.Binance 2.Bittrex global

1.Binance

It is the largest cryptocurrency exchange on the planet. The main reason that I and other users use it is because of its dependability. The four Turkish exchanges were shut down last week by the site's owner. They vanished with the money given to them by the users. The website was shut down last week by the owner of four different Turkish exchanges. Some of these people vanished, while others were apprehended. The Thodex exchange is by far the largest of these. It was previously known as koineks. It was a conversation that I had in 2018. The CEO is said to have fled to Thailand after stealing $2 billion. Users on a large exchange like Binance will not be victimised in this way.
Binance's mobile app also has a pleasant user interface and is simple to operate. The total volume in the last 24 hours is $ 38,586,110,869. Because of the high transaction volume, our coin purchases and sales can be completed more quickly. Even a 10-second difference can result in a 5% increase in earnings. Furthermore, new coins that are listed on Binance have a good chance of making a lot of money. This is also something from which I can make a decent profit.

2.Bittrex Global

Bittrex is appealing because of its wide range of coins. For me, the ability to trade SBD is the most important feature. Despite the low trading volume of SBD, Bittrex is the most convenient way to buy and sell. Bittrex's app is also something I enjoy using.

MetaMask...

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Uniswap

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final thoughts:
The theft of hundreds of thousands of people's cryptocurrency assets was on the agenda this week in my country. If you are a cryptocurrency investor, your first priority should be trust. As a result of this assignment, we learned that DEXs are quite reliable. I believe that as decentralised exchanges become more prevalent, people will be able to store their crypto assets more securely.

Cc:
@yousafharoonkhan