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How to bypass US crypto laws (LEGALLY)In a centralized exchange, you deposit your cryptocurrency in a platform like Coinbase or Binance. These platforms act as intermediaries for buyers and sellers. A centralized exchange is operated by an entity acting as an intermediary between buyers and sellers � Ledger Academy explains it in-depth. A decentralized exchange (DEX) is a type of exchange that specializes in peer-to-peer transactions of cryptocurrencies and digital assets. Unlike centralized.
