Crypto is a decentralised entity but yet in order to allow the masses to participate in economic freedom in order to buy crypto currencies, centralised crypto exchanges were built. What are centralised crypto exchanges ? These are platforms which allow users to buy/sell listed crypto currencies by using their fiat currencies. Users buy from the exchange and the crypto currency is held in custodial wallets of the exchange which means that technically the crypto currency is owned by the exchange and is reserved in the name of the like banks were banks own the money and not the user. There are two ways a user can buy a crypto currency :
#5 Building Centralised Crypto Exchanges
#5 Building Centralised Crypto Exchanges
#5 Building Centralised Crypto Exchanges
Crypto is a decentralised entity but yet in order to allow the masses to participate in economic freedom in order to buy crypto currencies, centralised crypto exchanges were built. What are centralised crypto exchanges ? These are platforms which allow users to buy/sell listed crypto currencies by using their fiat currencies. Users buy from the exchange and the crypto currency is held in custodial wallets of the exchange which means that technically the crypto currency is owned by the exchange and is reserved in the name of the like banks were banks own the money and not the user. There are two ways a user can buy a crypto currency :