Centralized exchanges are trading platforms that function like traditional brokerage or stock markets,
transactions are being controlled by the owners of the exchange. On centralized exchanges users do not have access to their
private keys. They are managed by one central body which makes them vulnerable to hacker attacks.
Decentralized exchanges DEX is trading platform that operates without central authority. They are
utilizing blockchain technology. Decentralized cryptocurrency exchanges have been designed in order to protect funds from being
stolen, users have control over their funds.
-Currently, on the cryptocurrency market, about 99% of transactions are being handled on centralized exchanges.
-DEX have high level of privacy, transactions are anonymous.
-Centralized exchanges have higher liquidity and higher trade volume compared with DEX.
-Centralized exchanges allow users to exchange fiat for crypto-currency and vice versa. DEX only accepts payments