we are going to explore the main difference and the pros and cons of both, so that you have a clear understanding. I have been asked this question millions of times. Which one do you prefer? My answer always is the same : Decentralized. I prefer Decentralized because I have full control over my money (See what happened whit the last crypto crush). Then they start with the argument that if it is entirely Decentralized is impossible to regulate. My answer always is: we need to think outside the box and we can’t ask those that centralize everything to do it, is not in their nature. We should take complete control of our finances and create a system that finally benefits all. Even though I know they’re going to be skeptical reading this and say this is a utopia but I can tell you that are some very smart people that are working on that. The system in the way it works is not functional, we need to change the way we do things and our mentality too. Before we move on we need to define what both of these terms mean. We are also going to dive deep into the pros and cons of both so that you can make your choice.

1. www.cryptonewsmart.com
High security: Centralized Crypto Exchange provides strong
security for investors’ funds, because they have in place the
identity verification process carried out on registrations.
Thus, buyers and sellers are traceable.
Strong Liquidity: They are usually a big company with many
investors that give piece of mind regarding desired price
without much slippage.
we are going to explore the main difference and the pros and
cons of both, so that you have a clear understanding.
I have been asked this question millions of times. Which one do
you prefer?
My answer always is the same : Decentralized. I prefer
Decentralized because I have full control over my money (See
what happened whit the last crypto crush). Then they start with
the argument that if it is entirely Decentralized is impossible to
regulate. My answer always is: we need to think outside the box
and we can’t ask those that centralize everything to do it, is not in
their nature. We should take complete control of our finances
and create a system that finally benefits all. Even though I know
they’re going to be skeptical reading this and say this is a utopia
but I can tell you that are some very smart people that are
working on that. The system in the way it works is not functional,
we need to change the way we do things and our mentality too.
Before we move on we need to define what both of these terms
mean. We are also going to dive deep into the pros and cons of
both so that you can make your choice.
Centralized meaning
It is self-explanatory Controlled by a single authority or managed
in one place. Another way to put it is the process of
concentrating power and authority in the hands of senior
management. So Centralized are controlled by one person or
enterprise that guides all the decisions.
List of the top Centralized Crypto: XRP(ripple), NEO, EOS, BNB,
CRO. Now let’s see the Pros of a centralized Crypto Exchange.
Centralized Exchanges Pros
The majority of Crypto users are using Centralized Exchanges.
Here we will list why is so.
Centralized vs
Decentralized
OpenSea is the largest digital
collectible marketplace in the
world and it isn’t vulnerable to
hacks and scams. There have
been claims recently that
OpenSea users had their
accounts hacked after receiving a
free NFT. Thankfully, a
cybersecurity company found a
solution to the problem.
Is OpenSea safe now?
If someone is just getting started
with digital collectibles, they could
be vulnerable. OpenSea has
many security measures put in
place to protect users conducting
everyday activities, but with a
platform so big, there will always
be malicious parties looking to
find a weakness in its defenses.

2. www.cryptonewsmart.com
Regulated: Most centralized exchanges are registered with
the relevant financial authorities in the countries where they
operate. This means investors can also trace the owners of
the exchange through regulatory agencies should they ever
abscond with the investors’ assets.
User Friendly: Their platforms very easy to use; by providing
a simple guide to users on how to ruminate their platforms.
Equally, the centralized exchanges provide 24/7 customer
support service channels to address various issues and
complaints from their clients.
Prone to security breaches: Centralized exchanges use
wallets to enable their users to gain access to their platform
has made them susceptible to attacks from hackers. Many
criminals today now target the large volume of funds traded
in centralized exchange as a good place to rob.
Commissions are charged for each transaction: Most
centralized exchanges charge some commissions for using
their platforms and usually commission are really high.
Helps to hide the identity of the users: Using a decentralized
exchange gives the traders the kind of privacy they desire
while carrying out their financial transactions. Most investors
and big institutions use the decentralized exchange to hide
their net worth to escape government taxation.
Centralized Cons
The following are the disadvantages with using a centralized
exchange:
Decentralized meaning
The dispersion or distribution of functions and powers. to move
the control of an organization or government from a single place
to several smaller ones. Most cryptocurrencies and their
underlying blockchain are decentralized, which means no central
authority is in charge. Instead, the power is distributed among
the members of any given blockchain or crypto community.
Decentralized Crypto Exchange Pros
Centralized vs
Decentralized
OpenSea is the largest digital
collectible marketplace in the
world and it isn’t vulnerable to
hacks and scams. There have
been claims recently that
OpenSea users had their
accounts hacked after receiving a
free NFT. Thankfully, a
cybersecurity company found a
solution to the problem.
Is OpenSea safe now?
If someone is just getting started
with digital collectibles, they could
be vulnerable. OpenSea has
many security measures put in
place to protect users conducting
everyday activities, but with a
platform so big, there will always
be malicious parties looking to
find a weakness in its defenses.

3. www.cryptonewsmart.com
Gives users total control over their assets: There is no central
body that controls the decentralized exchange. Hence, users
have full control over their assets and can decide what to do
with them. The cases of hacking are highly minimized while
using the decentralized exchange.
Helps to surmount government sanctions: Very often, users
from those countries where crypto trading is prohibited by
the government; consider the decentralized exchange as the
best way to overcome those government sanctions. This is
because it is very difficult for the government to penetrate it.
Does not allow the exchange of Fiat Currency: It is not
possible to exchange crypto for fiat money using a
decentralized exchange. Doing so, no doubt will reveal the
identity of the receiver
Highly Vulnerable: The founders of the decentralized
exchange are not known to users. This makes all crypto
transfers through them very prone to lose as the anonymous
owners can easily abscond with them. Sadly, there is no way
to trace them.
There is no one to complain to in cases of failed
transactions: All transactions carried out on the decentralized
exchange are at the owner’s risk. No one is available to assist
new users or resolve failed transactions.
Decentralized Crypto Exchange Cons
The following are the disadvantages associated with using a
decentralized crypto exchange:
If you will like to read the full article go to
www.cryptonewsmart.com
Centralized vs
Decentralized
OpenSea is the largest digital
collectible marketplace in the
world and it isn’t vulnerable to
hacks and scams. There have
been claims recently that
OpenSea users had their
accounts hacked after receiving a
free NFT. Thankfully, a
cybersecurity company found a
solution to the problem.
Is OpenSea safe now?
If someone is just getting started
with digital collectibles, they could
be vulnerable. OpenSea has
many security measures put in
place to protect users conducting
everyday activities, but with a
platform so big, there will always
be malicious parties looking to
find a weakness in its defenses.