The Problem With Centralized Swaps—and How CoinoSwap Fixes It
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In the rapidly evolving landscape of cryptocurrency, the concept of swapping digital assets has become increasingly popular. For years, centralized exchanges (CEXs) like Binance, Coinbase, and Kraken have dominated the market by offering swap functionalities. However, these platforms come with limitations that fundamentally contradict the core ethos of crypto: decentralization, transparency, and user control . This blog explores the inherent issues with centralized swaps and introduces how CoinoSwap , an instant crypto exchange aggregator , addresses these challenges while putting control back into users’ hands. The Rise and Risks of Centralized Swaps When users engage in crypto swaps on centralized platforms, they often do so under the assumption of convenience and security. While there’s no doubt that CEXs offer user-friendly interfaces and fast executions, they also come with multiple hidden pitfalls: 1. Custodial Nature Centralized swaps require users to deposit their funds into t...