A centralized cryptocurrency exchange is a platform where you can buy or sell digital assets. Here, you have to trust a third party to monitor the transaction and secure the assets on behalf of the buyer and the seller. Their deals aren’t tracked on the blockchain. Such exchanges require you to submit your personal information for verification.
In most cases, centralized crypto exchanges provide their users with flat pairs at stable prices.
As of 2020, CEXs are the most widespread mode of operation for cryptocurrency exchanges. The speed and cost-efficiency of processing transactions by a single point of authority make them a convenient venue for day traders and crypto investors to purchase and sell crypto.
Most popular centralized exchanges on the market
Binance is a leading cryptocurrency exchange for cryptocurrency traders and enthusiasts looking to buy and sell a wide variety of cryptocurrencies at low fees.
Kucoin is one of the largest exchanges online, offering bank-level security, a beginner-friendly UX, and a wide range of crypto services.
Probit is one of the exchanges that has the largest variety of Alcoins in the market and DeFi tokens, in addition Probit performs participation events in which you can buy cryptos at a 50% discount.
OKEx is a digital currency trading platform designed to empower cryptocurrency traders. It provides advanced cryptocurrency financial services to millions of users in over 100 countries.
Bybit is a global crypto derivatives trading platform that prides itself on its quality leverage trading options combined with advanced features, excellent interface and performance.
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