Cryptocurrency Exchanges are a marketplace to trade & invest in cryptocurrencies. The Centralised Exchanges (CEX) & Decentralised Exchanges (DEX) in the crypto market have always been in conflict with each other. 

DEXs are peer-to-peer marketplaces where buyers & sellers make transactions directly without the need of an intermediary. DEX makes use of smart contracts  & Blockchain ledgers to function. 

CEXs are a type of cryptocurrency exchange that is operated by a company that owns it in a centralised manner. The company is in-charge of the funds and is regulated by banks & government. 

We cannot determine a clear winner of DEX vs CEX because both of them have their own pros & cons. Let’s dive into details of what makes DEX different from CEX: 

Advantages of DEX

• More coins/tokens are available to trade on DEX.
• A DEX is free from government requirements, regulations, or monitoring. 
• DEX does not require any authentication process or KYC
• DEX does not own users’ assets. Each user has full access to their private keys and, therefore, their crypto assets.
• DEX resides directly on the blockchain, hence are less vulnerable to hacks or fraud.
• The transaction is slow as each transaction must be validated by miners.

Disadvantages of DEX:

• DEX has limited trading options.
• DEX are difficult to use in one go.
• Deposits & Withdrawal cannot be done in Fiat currency
• Most of the decentralised exchanges are still missing volumes and integrations with other blockchains.
• The transactions are processed on the blockchain, which makes DEX slower and more expensive,**
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Why DZap is a more powerful DEX experience?

In the DeFi space, transactions are seldom simple or straightforward. But, sometimes a user’s desired intent might be to carry multiple transactions. Example: buying/selling more than one tokens using a Decentralised Exchange (DEX). This is not supported by any DEXs.

DZap is a new decentralized platform that allows multiple swaps in a single transaction. DZap aims to “Unify multi-step processes in DeFi into one”. Hence, batch buy/sell multiple tokens at once without having to go through multiple swaps.

Check out the detailed doc on DZap here

Get Started

To walk through the entire process of using DZap and interacting with different features, visit the website.

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