Uk, 30th October: Cryptocurrency exchanges can be divided into two sections, DeFi, and CeFi. There are a lot of differences between the two, and we will just quickly go through them.

DeFi exchanges work on the following principles:

● Automation: Removing the concept of intermediaries
● No need for custodial services: The user will be the owner of all these services, and there will be no revocation.
● Available everywhere (or almost everywhere): It's pretty much available globally.
● Risk-free: Much more secure, compact, and failsafe.
● Intuitive: These exchanges constantly evolve themselves according to the latest trends available in the market.
● Anonymity (sort of): Well apart from compliance's sake, not much focus is given on collecting background information.
Some of the names in the Top Cryptocurrency Exchanges list are as follows:

● Uniswap
Why should we choose it?
● The interface is incredibly simple
● A massive liquidity pool
● Loan facilities
● Seamless service integration
● Incentivized usage
● Flash swapping
● Trustless and permissionless
● dYdX
Another trusted brand name, dYdX is often preferred by cryptocurrency users.
● Users have the opportunity of investing in both short-term and long-term projects
● Ether is available on a massive scale
● Faster and better Crypto lending and borrowing
● Allows for improved passive income
● Smart contracts are available
● Generates interest over the active trading position
● Supports seamless conversion between different assets, like DAI, USDC, and others
● Kyber Swap
Why should anyone choose it?
● 0.3% trading charges
● The growth graph of this trading platform is awesome
● Native token available, named as Kyber Network Crystals
● Multiple liquidity pools
● A diverse and vast ecosystem
● Different applications use this technology to create masterpieces
● Supports those assets that are unavailable for trading on different platforms
● It has many more benefits, however, user discretion is advised
● 1inch
If you are looking for a DeFi aggregator, then you must not look further than 1inch.

The purpose for choosing this section:
● Offers the chances of maximum utilization
● The best aggregator site available on the internet
● Can handle high trading volumes
● Lending rates, limit orders, and swap orders
● Contracts are available for purchase too
● OpenSea
You should check this out because:

● It is the best option to trade NFTs
● Supports different auctions, especially of NFTs.
While choosing an exchange, it's best to go over the services and features. Not all exchanges are tailored for you, one needs to understand that.

We will uncover some other points about exchange selection some other day. Until then, check these out and select the appropriate one.