#中心化与去中心化交易所 Centralized vs Decentralized Exchanges, Choose Wisely to Avoid Pitfalls!
Centralized Exchanges (CEX): Platforms like Binance and FTX, with low barriers to entry, offer smooth trading like Taobao, and allow for contracts and earning investment returns. But remember—keeping assets on the platform is like "putting your money in someone else's wallet"; during a crash, you may lose everything (like the FTX case), and they are greatly affected by regulatory policies.
Decentralized Exchanges (DEX): Platforms like Uniswap and PancakeSwap, where you control your private keys, keeping your assets safer on-chain, and you can trade without KYC. However, beginners might be discouraged by complex wallet operations, experience high slippage, and liquidity is not as good as CEX, making it more suitable for tech-savvy old players.
CEX is suitable for ordinary users who seek convenience, but don’t put all your eggs in one basket; DEX is suited for players who value privacy and security, but you need to understand wallets and smart contracts first. Which type are you using?
