What is a Crypto Exchange?

A crypto exchange is like a digital marketplace — where you can buy, sell, or swap cryptocurrencies.

There are two main types:

🔷 Centralized Exchange (CEX)

Run by companies

Easier for beginners

Example: Binance, Coinbase, Bybit

🔶 Decentralized Exchange (DEX)

No middleman — users trade directly

More private, but needs more knowledge

Example: Uniswap, PancakeSwap

✅ CEX = User-friendly, but you don’t hold your private keys

✅ DEX = More control, but requires extra caution

📌 Exchanges are where most people start their crypto journey.

> Have you ever used both CEX and DEX? Which one do you prefer and why? Let’s discuss!

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