CEX (Centralized Exchange)
A cryptocurrency exchange operated by a company that acts as intermediary for trades.
beginner
trading
Explained Simply
Centralized exchanges like Coinbase, Kraken, and Binance are companies that custody your funds and match your trades. They offer fiat on-ramps (buy with USD/EUR), customer support, and regulated services. The trade-off is that you trust the exchange with your funds — as FTX showed, this carries risk. Most beginners start with a CEX for simplicity. Advanced users often move funds to self-custody after purchasing.
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This content is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional for advice specific to your situation.