CeFi (Centralized Finance)

Finance model based on traditional intermediaries, applied to cryptocurrencies.

What is it? - Dummies

It's like a bank for cryptocurrency. You give them your coins and they handle them for you.

What is it? - PRO

CeFi (Centralized Finance) refers to crypto financial services operated by centralized entities that act as guardians of user funds. These platforms (such as Binance, Coinbase, Crypto.com) offer products such as asset exchange, loans or interests, replicating banking structures but based on cryptocurrencies.

Key points

Custody in the hands of third parties.

It requires trust in the entity.

Lower user autonomy.

Sales and disadvantages

Advantages

Friendly interface and easy access.

Liquidity and speed.

Customer support.

Disadvantages

Risk of bankruptcy or freezing of funds

Lack of transparency.

You don't control your private keys.

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