A crypto exchange is an online marketplace where cryptocurrencies are exchanged or purchased.

These exchanges are broadly categorized into two main types: centralized and decentralized.
Centralized exchanges (CEXs) operate like traditional financial institutions, ensuring user-friendly interfaces and helpdesk services.
The downside is the reliance on the exchange for fund storage, which increases exposure to hacks.
On the other hand, decentralized exchanges (DEXs) offer a trustless, peer-to-peer trading environment. Built on blockchain protocols and utilizing smart contracts, DEXs reduce the risk of hacks but are often less user-friendly.

head to the epu.edu.et site select the right crypto exchange, users must assess usability, safety, and costs. By understanding the unique traits of CEXs and DEXs, individuals gain confidence in their cryptocurrency journey.