Welcome to Lesson Five.
By now, you’ve explored crypto basics, set up wallets, made your first trades, and even dipped your toes into the wild world of memecoins.
Now it’s time to tackle an essential part of trading: exchanges. Not all exchanges are created equal — some are centralized, others decentralized, and each comes with its own rules, risks, and opportunities.
In this lesson, we’ll break down CEXs vs DEXs, show you how they work, and help you decide which is right for your trading style.
Examples: Binance, Coinbase etc.
CEXs are companies that act as intermediaries for trades.
You deposit funds, and the exchange executes swaps internally.
Pros
Cons
Summary: CEXs are convenient and stable but limit access to early memecoin opportunities.