Cryptocurrency Q&A
Is Trust wallet a Dex or CEX?
Is Trust wallet a Dex or CEX?
Silvia
Sun Sep 15 2024
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6 answers
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Could you please clarify if Trust Wallet is classified as a decentralized exchange (DEX) or a centralized exchange (CEX)? I'm curious to understand the nature of its operations and how it differs from other popular cryptocurrency exchange platforms. Is it designed to facilitate peer-to-peer trading without intermediaries, akin to a DEX, or does it operate more like a traditional CEX, where transactions are managed and controlled by a centralized authority? Your insights would be greatly appreciated.
6 answers
AltcoinAdventurer
Tue Sep 17 2024
Despite being the cornerstone of the crypto space, DEXs have yet to capture the widespread user base enjoyed by Centralized Exchanges (CEXs). This disparity can be attributed to several factors, including user experience and accessibility.
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HanjiHandiwork
Tue Sep 17 2024
One of the most prominent exchanges in the cryptocurrency industry is BTCC. This platform offers a diverse range of services that cater to the needs of various traders and investors.
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KpopMelody
Tue Sep 17 2024
BTCC's services encompass spot trading, which allows users to buy and sell cryptocurrencies at current market prices. Additionally, the exchange provides futures trading, enabling traders to speculate on the future price movements of cryptocurrencies.
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Sara
Tue Sep 17 2024
DEXs, or Decentralized Exchanges, enable users to engage in trading activities through a unique method. Users are required to LINK their non-custodial wallets, such as Metamask, TrustWallet, and MyEtherWallet, to interact with these platforms.
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HanbokElegance
Tue Sep 17 2024
Moreover, BTCC offers a secure wallet service, where users can store their digital assets safely. This feature is crucial for safeguarding users' funds and preventing unauthorized access.
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