Types of Exchange

There are different crypto exchanges for a better yield in your business. We have to go through this type of crypto exchange.

Centralized Exchange
Decentralized Exchange
P2P Exchange

Centralized Exchange

This is the most traditional and popular type of exchange in the current platform. It is operated and controlled by a company with all crypto transactions done in it. While making transactions, it is secure and trustable. Because it offers user-friendly and high-level security to the traders.

Decentralized Exchange

In a decentralized exchange, without a third party, there is a peer-to-peer transaction takes place between users. Some users prefer this exchange since there are some issues with a centralized exchange and also KYC verification is not needed in this type of exchange.

Peer to Peer Exchange

This exchange is also popular in the traditional market. It depends on the Over-the-counter desk(OTC) where confidentially buying and selling of crypto takes place. The p2p transaction is held between exchange users. So, there is no order book and central authority among them.

To know more check : https://blockchainfirm.io/blockchain-exchange-development-company

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