Exact Difference Between Centralized and Decentralized Cryptocurrency Exchanges

Centralize Exchange.

As the name refers that these exchanges are centralized, that means these exchanges are controls by third parties.

Decentralize Exchange.

These exchanges are Peer-To-Peer exchanges that means, If you want to buy 5 Bitcoin from Decentralize exchange then your order must be matched by 5 Bitcoin selling order.

Difference Between Centralized and Decentralized Crypto Exchanges

Transactions.

As you already know the key difference between central and decentral exchange is a transaction.

Speed.

As compared to centralized exchanges, decentralized exchanges take more time to process transactions.

Security.

Centralized exchanges are more vulnerable to hacking attacks than Decentralized exchanges.

Fees.

A negligible amount of trading fees offered by Decentralized exchanges than Centralized once, because of the absence of an intermediary allows Decentralized exchanges to offer almost non-existent trading fees.

Features.

Centralized exchanges have more advanced features than decentralized exchanges.

Liquidity.

Centralized exchanges have more cash flow than the decentralized exchanges.

Conclusion.

Above are the main difference between centralized and decentralized exchanges.

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