Crypto Trading exchanges serve as the backbone of the cryptocurrency market, facilitating users to buy, sell, and trade digital assets.

These exchanges are broadly categorized into two main types: centralized and decentralized.
Centralized exchanges (CEXs) are controlled by central authorities, offering ease of use for users.
However, they involve third-party custodianship, which exposes them to risks such as hacks or mismanagement.
On the other hand, decentralized exchanges (DEXs) facilitate direct trades without intermediaries. Using blockchain technology and smart contracts, DEXs enhance security but are often less user-friendly.

Choosing a crypto exchange depends on user needs and priorities. Knowledge of both types helps users maximize opportunities.