PYEWallet is a groundbreaking project for all of your crypto needs. The wallet supports all types of coins and tokens and possesses functionality that most current wallets do not have. The wallet would have been just another Fintech app, but it has an added feature of centralized (CEX) and decentralized exchange (DEX) options.

Centralized Exchange (CEX)

  • Useful for coordinating large-scale cryptocurrency trading.
  • Matches up buyers and sellers and announces current market prices based on the last price an asset sells for.
  • Requires that Users deposit their crypto assets at the exchange before trading can happen.
  • A large number of people can simultaneously buy and sell the same type of asset.

Decentralized Exchange (DEX)

  • Completes transactions more quickly and cheaply than their centralized counterparts.
  • Uses “automated market maker” protocols to determine the prices of assets without a centralized body orchestrating trades.
  • Nearly impossible to hack, as a person would have to hack every user.
  • Gives users far more privacy protections.
Last modified 4mo ago