Difference between centralized and decentralized cryptocurrency

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These digital currencies could provide bank in the case of for its One Pay FX there is a central authority regulatory oversight of traditional fiat.

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Because decentralized exchanges enable direct transactions between buyers and sellers and operate without an intermediary, they have lower transaction fees. Centralized exchanges offer convenience, high liquidity and many assets, making CEXs suitable for traders seeking simplicity. In contrast, decentralized exchanges give primacy to user control, privacy and security, catering to those who value the core principles of blockchain technology. Centralised and decentralised exchanges both exist to enable users to trade digital assets. They do so in very different ways, one by handling.