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Top 7 Best Decentralized Crypto Exchanges!A decentralized exchange is another type of exchange that allows peer-to-peer transactions directly from your digital wallet without going through an. Centralized exchanges offer convenience, high liquidity and many assets, making CEXs suitable for traders seeking simplicity. In contrast, decentralized exchanges give primacy to user control, privacy and security, catering to those who value the core principles of blockchain technology. A decentralized cryptocurrency exchange is not operated by a central authority but runs on a system of smart contracts that allows the exchange to function.
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