CEX

Last updated Mar 6, 2023 Edit Source

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Centralized exchanges (CEXs) allow users to buy and sell cryptocurrencies with fiat or other cryptocurrencies. Learn how they work in this article.

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• A centralized exchange (CEX) is a platform that allows users to buy and sell cryptocurrencies with fiat or other cryptocurrencies.
• Benefits of CEXs include ease of use, a wide variety of assets, deep liquidity, and available customer support.
• Challenges of centralized exchanges include advanced security demands, required trust in the platform, and potential regulatory limitations depending on user jurisdiction.

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