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What are Centralized Exchanges and how do they work?

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  • What are Centralized Exchanges and how do they work?

    Centralized Exchanges are the earliest version of exchanges. It is the kind of ecosystem built with trust as the backend. Here, the admin of the Exchange has direct control on trading All the data, funds are stored in the central server. i.e, the single pathway for data. It enables quick and easy data handling. Centralized Exchanges more or less functions as a bank. The admin is the one and only the central authority of the exchange. Users store their own assets inside the exchange. Traders of the exchange might have their own individual private keys to access their Crypto wallets but all the assets are stored in the Centralized Server.

    Start Your Own Centralized Exchange Platform with Bitdeal's Cryptocurrency Exchange Script Now !

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