When it comes to cryptocurrency dealings , one is faced with the need to trade his coins ,and make profit from it . To achieve this , cryptocurrency exchange sites are used.

There are two popular exchange types ; the decentralized exchange and the Centralised exchange. These two exchangers offers similar services like the ability to swap coins , earn rewards from investing coins in a project. However , they also have distinct futures , for example in CEX, the liquidity is provided by a third party , and it can't function effectively without this liquidity provider. This has made trading using CEX to be a bit costly. Dex do not deal with a third party , it's decentralized nature gives users the chance to be in control of their funds ,unlike in CEX where the system control greater percentage of the users account.

Which should be the ideal exchanger for investors ?

The fact remains that , Cex base exchangers are better for trading ,because of the amazing features therein ,and thus should be used for trading .However , Cex being centralized ,has it's cons . The security level of CEX based sight is controlled by a system ,and once the system is hacked , every account under it is affected.

Therefore , it is safer to make our trade in Cex ,and then send back our coins to a Dex based wallet. This is because Dex based wallet are safer , the use of private keys and the decentralized nature , makes it quite difficult for it to be hacked.

Finally , if you are an investor who wants to secure your funds , then you should consider Dex based wallets and exchangers . In 2020 , Some of the Cex based exchangers such as Atility and livecoin , Ledger were hacked ,and investors and traders lost their funds.

Safety should be the watch word.

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