A DEX allows users to trade directly with each other, while a CEX requires users to trade through the exchange.

This means that you have to literally hand over your money, token, or investments and trust that the exchange will be a good person that won’t suddenly try to take you money from you like what happened with FTX’s Sam Bankman-Fried.

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A DEX is typically more secure than a CEX, as it is not subject to the same hacking risks and definitely not subject to the same problems that human greed can cause.

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However, a CEX is usually faster and easier to use. Uniswap and Biswap are two popular DEXes, while Coinbase is a popular CEX.

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Pancake Swap is another popular option for those looking to trade cryptocurrencies.

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Coinbase is a digital currency exchange headquartered in San Francisco, California.

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They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

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Coinbase is both secure and regulated. They are one of the most popular exchanges in the world and are compliant with all applicable laws and regulations.

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