1 / 8

Head On Head Comparison Between Centralized, Decentralized And P2P Cryptocurrency Exchanges

The core design of crypto exchanges is to act as the platform where one can buy or sell virtual currencies. Based on the working methodologies, functionalities, integrated features, service they are broadly classified as<br><br>Centralized Exchange<br>Decentralized Exchange<br>P2P Exchange

alicejenifferze
Download Presentation

Head On Head Comparison Between Centralized, Decentralized And P2P Cryptocurrency Exchanges

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. One centralized, decentralized, and P2P Crypto Exchanges on One Comparison between 1

  2. The fundamental purpose of Cryptocurrency Exchange is to act as the platform where one can buy or sell Cryptocurrencies. Depending on the function, working methodologies, Design, Crypto Exchanges are broadly classified as Centralized Exchange De Centralized Exchange P2P Exchange ● ● ● 2

  3. Centralized Exchange Centralized Exchanges more or less functions as a bank. The admin is the one and only the central authority of the exchange. Users store their own assets inside the exchange. Traders of the exchange might have their own individual private keys to access their Crypto wallets but all the assets are stored in the Centralized Server. 3

  4. It allows · Fiat to Crypto trading · Crypto to Crypto trading It supports Spillted trading Multiple Crypotcurrency Wallet lTrade Matching Engine ● ● ● 4

  5. Decentralized Cryptocurrency Exchanges Decentralized Exchanges or DEX evolve with the primary concern of solving the problems and inconveniences in the centralized exchanges. This platform runs directly on the blockchain network. Here, trading happens automatically under smart contracts without the involvement of third parties. It supports the only crypto to crypto trading, fiat to crypto trading is not applicable in the case of DEX Atomic Swap Non-custodial assets Multiple Cryptocurrency wallet support ● ● ● 5

  6. P2P Exchanges In DEX, the transaction speed is less than centralized exchanges. Peer to Peer Exchange matches people behind the trading and the platform acts as the Escrow account during transaction. It support · Fiat to crypto trading (via bank) · Crypto to crypto trading It holds Escrow Custodial assets OTC trading ● ● ● 6

  7. Explore the working and features of these exchanges in the Original Article: Difference between Centralized, DEX, and P2P Cryptocurrency Exchanges Bitdeal is the leading Cryptocurrency Exchange Software Development Company provides Crypto Exchange Development Services, by joining hands with bitdeal any entrepreneur can start any kind of Crypto Exchange based on their business needs 7

  8. Reach Us: www.bitdeal.net Business Mail : sales@bitdeal.net Phone number : 9677555651 8

More Related