#中心化与去中心化交易所 （CEX）——Like a bank, but wilder!

Platforms like Binance and OKX allow for instant deposits and smooth trading, perfect for beginners to dive right in! But be careful—your money is actually in the exchange's pocket, and if hackers clean out the place (like the Mentougou incident that lost 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 keys in hand, your assets are never 'custodied.' But the trade-off is: it's as slow as a snail (during Ethereum congestion), fees are painfully high, and beginners might even lose their wallets.