In the term "centralized cryptocurrency exchange," the idea of centralization refers to the use of a middle man or third party to help conduct transactions. Buyers and sellers alike trust this middle man to handle their assets. This is common in a bank setup, where a customer trusts the bank to hold his or her money.
Is bitcoin becoming more centralized?
These five developers are the ones who hold the power to go in and change Bitcoin’s code. As that number thins out, those who retain those privileges have fewer checks and balances between them. In a literal sense, Bitcoin really is becoming more centralized as a result.
How to buy cryptocurrency?
✅Step 1: Open an account with Crypto.com – Sign up for the powerful smartphone app where you can buy Cardano with CAD from your bank account or with your Canadian credit card. ?Step 2: Verify – Have paperwork handy to verify your ID. Get ready to take a selfie! ? Step 3: Deposit – You can deposit CAD from your bank account using e-transfer.
