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How you can Dwell With out CEX

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Living without CEX can be frustrating, right? Well, it might not be as tough as you might think. In fact, you might just forget about it after a while. 
Not convinced yet? In this article, we’ll highlight the differences between centralized and decentralized exchanges, as well as explore how to navigate the ecosystem while practicing abstinence from centralized exchanges. Let’s jump in!
CEX vs. DEX: What’s the Difference?
Centralized exchanges have been the backbone of the crypto industry for years. However, it appears that they have also become one of the most prominent points of failure in the crypto ecosystem. 
The FTX collapse showed that CeFi brings many uncertainties to the game. Now more than ever, crypto enthusiasts are moving away from CeFi and toward DeFi. Before we start, let’s define the two types of exchanges first. 
Centralized exchanges (CEXs) are currently the most popular platforms for buying and selling cryptocurrencies. While they are easy to use, offer a wide variety of features and support numerous payment gateways, they are also potentially very risky.
Decentralized exchanges (DEXs), on the other hand, are newer and becoming increasingly popular. These exchanges are much safer than CEXs, they aren’t as vulnerable to attacks. DEXs also offer a variety of features and are easy to use.
The main differences between centralized and decentralized exchanges come in the form of:
Security: CEXs are much more vulnerable to attacks, because they are centralized. This means that all the funds stored on the exchange are in one place, making them an easier target for hackers. The funds are also held by the exchange rather than the users, making misuse of funds much more likely. DEXs are decentralized, meaning the funds are stored in individual users’ wallets rather than on the exchange itself. This makes them much less vulnerable to attack.
Features: CEXs offer a wide variety of features and investment options. DEXs, on the other hand, offer fewer features but are much safer. That being said, decentralized exchanges have greatly improved in the past months and years, and have introduced a variety of features, narrowing the gap between the two.
Ease of use: CEXs are generally considered much easier to use than DEXs. This is because they have been around for longer and because they use a system similar to regular markets. DEXs are becoming more popular, however, and much easier to use.
The ability to get into crypto: The main value proposition of centralized exchanges is that they’re the primary gateway into crypto. However, people have more options when it comes to buying crypto with their fiat now, with numerous web3 platforms offering fiat-to-crypto gateways.
Centralized Exchange (CEX)
CEXs work similarly to what you would see on the stock market: They use the order book method.
An order book is an electronic ledger that coordinates the buying and selling orders on a specific exchange. Every centralized crypto exchange includes an order book, but, as we will see, order books can be slightly different depending on the CEX. Every order book comprises:
Bids, or buying orders
Asks, or selling orders 
The price at which the orders are placed
The total amount of cryptocurrencies involved
Each crypto pair has a different crypto order book. Order books show all the limit order data. This refers to the orders that traders and investors choose to place at specific target prices. Users can also use market orders, in which case they are filling in the limit orders and taking away liquidity from the market.
CEX: The Good

How to Live Without CEX

How to Live Without CEX

Living without CEX can be frustrating, right? Well, it might not be as tough as you might think. In fact, you might just forget about it after a while. 

Not convinced yet? In this article, we’ll highlight the differences between centralized and decentralized exchanges, as well as explore how to navigate the ecosystem while practicing abstinence from centralized exchanges. Let’s jump in!

CEX vs. DEX: What’s the Difference?

Centralized exchanges have been the backbone of the crypto industry for years. However, it appears that they have also become one of the most prominent points of failure in the crypto ecosystem. 

The FTX collapse showed that CeFi brings many uncertainties to the game. Now more than ever, crypto enthusiasts are moving away from CeFi and toward DeFi. Before we start, let’s define the two types of exchanges first. 

Centralized exchanges (CEXs) are currently the most popular platforms for buying and selling cryptocurrencies. While they are easy to use, offer a wide variety of features and support numerous payment gateways, they are also potentially very risky.

Decentralized exchanges (DEXs), on the other hand, are newer and becoming increasingly popular. These exchanges are much safer than CEXs, they aren’t as vulnerable to attacks. DEXs also offer a variety of features and are easy to use.

The main differences between centralized and decentralized exchanges come in the form of:

  1. Security: CEXs are much more vulnerable to attacks, because they are centralized. This means that all the funds stored on the exchange are in one place, making them an easier target for hackers. The funds are also held by the exchange rather than the users, making misuse of funds much more likely. DEXs are decentralized, meaning the funds are stored in individual users’ wallets rather than on the exchange itself. This makes them much less vulnerable to attack.
  2. Features: CEXs offer a wide variety of features and investment options. DEXs, on the other hand, offer fewer features but are much safer. That being said, decentralized exchanges have greatly improved in the past months and years, and have introduced a variety of features, narrowing the gap between the two.
  3. Ease of use: CEXs are generally considered much easier to use than DEXs. This is because they have been around for longer and because they use a system similar to regular markets. DEXs are becoming more popular, however, and much easier to use.
  4. The ability to get into crypto: The main value proposition of centralized exchanges is that they’re the primary gateway into crypto. However, people have more options when it comes to buying crypto with their fiat now, with numerous web3 platforms offering fiat-to-crypto gateways.

Centralized Exchange (CEX)

CEXs work similarly to what you would see on the stock market: They use the order book method.

An order book is an electronic ledger that coordinates the buying and selling orders on a specific exchange. Every centralized crypto exchange includes an order book, but, as we will see, order books can be slightly different depending on the CEX. Every order book comprises:

  • Bids, or buying orders
  • Asks, or selling orders 
  • The price at which the orders are placed
  • The total amount of cryptocurrencies involved

Each crypto pair has a different crypto order book. Order books show all the limit order data. This refers to the orders that traders and investors choose to place at specific target prices. Users can also use market orders, in which case they are filling in the limit orders and taking away liquidity from the market.

CEX: The Good



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