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  3. /CEX (Centralized Exchange)
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cryptocurrency

CEX (Centralized Exchange)

A cryptocurrency exchange run by a company that holds your funds and matches orders.

Definition

A cryptocurrency exchange run by a company that holds your funds and matches orders. Coinbase, Binance, and Kraken are CEXs. They're easier to use than DEXs but require trusting the company with your money, as FTX customers learned the hard way.

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BlogCentralized vs Decentralized Exchanges: The Real Pros and Cons

Related Terms

DEX (Decentralized Exchange)

A cryptocurrency exchange that operates without a central authority, using smart contracts to facilitate trades.

Exchange

A marketplace where cryptocurrencies are bought and sold.

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Who holds and controls your crypto assets.

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A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

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A marketing strategy where crypto projects distribute free tokens to wallet addresses.

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