#中心化与去中心化交易所 🚀Newbie Must Read: Centralized vs Decentralized Exchanges, Understand Before Trading!

Just entered the crypto space and often hear people talking about CEX / DEX but don't quite understand?

Today, I'll explain it to you in the simplest way in 3 minutes👇

🧱 What are CEX and DEX?

Abbreviation meanings with examples

CEX Centralized Exchange Binance, OKX, Coinbase

DEX Decentralized Exchange Uniswap, PancakeSwap

📊 Overview of Key Differences

Comparison Point CEX (Centralized) DEX (Decentralized)

Fund Custody Platform holds User holds wallet

User Experience Simple and smooth, suitable for beginners Need to understand wallets, on-chain transactions

Transaction Speed Fast matching On-chain confirmation, slower speed

Security Risk of storing on platform Private key loss leads to total loss

Functionality Richer: Contracts, Wealth Management, etc. Fewer: Mainly limited to cryptocurrency trading

✅ Newbie Recommendations

🎯 If you are a newbie just entering the space:

It is recommended to start with CEX (like Binance), and after becoming familiar, slowly try out DEX.

📦 CEX is suitable for:

Buying/Selling cryptocurrency/Depositing and Withdrawing

Going long/Going short/Limit orders

Experiencing Wealth Management, ETFs, Spot contracts

🔐 DEX is suitable for:

Those who want to trade anonymously

Participating in DeFi/New projects

Having a wallet and understanding on-chain operations

🧠 In summary:

If you want to learn trading safely, first understand Binance;

If you want to freely control your assets, then explore decentralization.