#CEXvsDEX101

Check & DEX: Easy Way to Understand the World of Decentralized Finance!

What is Check & DEX?

Check: In this context, "check" can refer to the process of verifying data in the crypto world, such as checking transactions on the blockchain or ensuring the security of your digital wallet. This is an important step to stay safe!

DEX (Decentralized Exchange): A decentralized exchange where you can trade crypto without intermediaries, like Uniswap or PancakeSwap. DEX operates on the blockchain, so it is more transparent and you have full control over your funds.

Why is This Interesting?

DEX allows you to trade crypto freely, safely, and without the need for KYC (identity verification) on some platforms. But, you must "check" first to avoid risks like scams or transaction errors!

3 Simple Steps to Use DEX Safely

Check Your Crypto WalletMake sure wallets like MetaMask or Trust Wallet are connected to the DEX. Check the contract address of the token you want to swap to avoid sending it to the wrong address.Example: The contract address of USDT on Ethereum always starts with “0x…” and can be checked on Etherscan.

Choose a Trusted DEXUse popular DEXs like Uniswap (Ethereum), PancakeSwap (BNB Chain), or Raydium (Solana). Check the platform's reputation in the crypto community or sites like CoinGecko.Tip: Avoid new DEXs without security audits!

Verify TransactionsBefore confirmation, check gas fees (transaction fees) and slippage (price changes). Make sure you are trading in a stable liquidity pool for the best results.Pro Tip: Use DEX Screener to check real-time prices and token trends!