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CEX - Centralized Exchange

Centralized exchanges are platforms that allow users to buy and sell cryptocurrencies for fiat currencies such as the US dollar or digital assets like BTC or the Cornucopias $COPI token.
They operate as trustworthy brokers in deals and frequently serve as custodians, keeping and safeguarding your cash.

Pros Of Centralized Exchange

  1. 1.
    User-friendly interface and simple platforms
  2. 2.
    An added layer of security and trustworthiness

Cons Of Centralized Exchange

  1. 1.
    Highly vulnerable to hacking or cybersecurity threats
  2. 2.
    Charges service fees
  3. 3.
    Controlled by a centralized entity, can be shut down which results in your currency being locked