Detailed Explanation
Why It Matters:
Easiest entry point for beginners — user-friendly interfaces, customer support, fiat deposits/withdrawals, and high liquidity. Most new traders start here before exploring DEX.
How It Works:
Sign up, verify identity (KYC), deposit funds (fiat or crypto), trade on spot/futures markets. The exchange holds your assets and matches buyers/sellers.
Common Mistakes:
Leaving large amounts on exchange long-term (not your keys, not your coins); skipping security like 2FA.
FAQs
CEX vs. DEX?
CEX is centralized (easier, but you trust the company); DEX is decentralized (more private, but complex).
Safe for beginners?
Yes — start small, enable security features.
