💠 Stygimoloch Beginners Guide

So a lot of you guys probably have seen this #CEXvsDEX101 a lot in your feed. I will try my best to describe it in simple words.

CexvsDex on Binance is a fun way to compare two types of places where you can trade cryptocurrencies, like digital money!

Imagine a toy store, A CEX (Centralized Exchange) is like a big toy store where a friendly manager helps you buy and sell toys. The store keeps your toys safe for you, but you have to trust the manager.

On the other hand, a DEX (Decentralized Exchange) is like a toy swap meet in a park. You trade toys directly with your friends without a manager. It's a bit more wild, so you need to be careful and make sure you trade safely.

CexvsDex helps you see the differences and choose where you want to trade your digital toys!

But in this case, we are not dealing with toys but actual money.