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Crypto Exchanges: Custodial vs. Non-Custodial vs. Decentralized

Innovative and experimental tech is what the crypto space is all about. This innovation drives the space forward and makes it an exciting place to be. It’s true that not every project has merit or that every ICO deserves your money but some strides are being made. How assets are traded is an example of this.

Custodial

GDAX, Coinbase, Binance, Kraken, Bitfinex, Poloniex. These are all examples of custodial exchanges. They are well known and have massive amounts of crypto moving through their platforms.

Non-Custodial

How can trading occur in a way that ensures liquidity and security while maintaining convenience and a user-friendly interface? The non-custodial or “instant” exchange! No account is needed and they make altcoin-to-altcoin trading a breeze. The process is simple enough for even the most inexperienced traders to complete a transaction.

Decentralized

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Which is the Best?

So, after having used these kinds of exchanges, what do I think offers the superior trading experience? What is best is determined by the circumstances of your trade. I may use either of these options depending on exactly what I’m hoping to achieve.

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Conclusion

The potential future paved by cryptocurrency and blockchain technology rely upon its usability and adoption. How do we facilitate this growth? Digital assets are heavily dependent upon people’s ability to easily and freely trade these assets. Advancements have been made to make sure that the space continues to grow. New tools have emerged from the space and I recommend giving them a try to see what works for you.