#中心化与去中心化交易所 Centralized Exchanges (CEX) — Like banks, but wilder!

Platforms like Binance and OKX allow for instant deposits and smooth trading, perfect for beginners to dive in without a second thought! But be careful — your money is actually in the exchange's pocket; if hackers take it all (like the Mentougou incident losing 15 billion) or if the boss runs away (FTX explosion warning ⚠️), you won't have time to cry!

Decentralized Exchanges (DEX) — Your money, your control!

Uniswap and PancakeSwap use smart contracts for automatic trading; with your private key in hand, your assets are never “custodied.” But the cost is: as slow as a snail (when Ethereum is congested), fees can be painfully high, and newbies might even lose their wallets.

Get Rich Guide:

- Large token accumulation? Choose CEX, but transfer to cold wallet!

- Playing with meme coins? DEX is anonymous and safe, but beware of contract vulnerabilities.

- New trend in 2025: the rise of hybrid CEX+DEX!