Decentralized Exchange vs Centralized Exchange (Main Differences)

Centralized exchanges act as middle men in order to facilitate trading on their platforms, In exchange for providing this service, intermediaries collect trading fees. Decentralized exchanges are peer-to-peer, they match directly buyers and sellers and transactions conducted are nearly for no cost, therefore decentralized exchanges do not require intermediaries for their operation.
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Decentralized Exchange | Centralized Exchange | Blockchain | Bitcoin | Cryptocurrency | Crypto