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May 30, 2018, 06:53:13 PM |
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The difference between a decentralized and a centralized exchange is that in the decentralized exchange the user controls his coins at all times. In a conventional centralized exchange, the user deposits his coins in the exchange, which as of that moment holds and controls them. If the exchange suffers a hack the user can lose his coins. Likewise, in the decentralized exchange the user can withdraw instantly, without having to wait for the exchange to send his coins or tokens.
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