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

Platforms like Binance and OKX allow for instant deposits and smooth trading, perfect for beginners! But be careful — your money is actually in the exchange's pocket; when hackers strike (the Mentougou incident lost 15 billion) or if the boss runs away (FTX explosion warning ⚠️), you won't have time to cry!

Decentralized Exchange (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 cost is: slow as a snail (during Ethereum congestion), and transaction fees can be painfully high; beginners might even lose their wallets.

Guide to Getting Rich:

- Hoarding large amounts of coins? Choose CEX, but withdraw to a cold wallet!

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

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