Exchange
Market
Venue where assets are traded between participants.
An exchange matches buyers and sellers. Centralized exchanges run accounts and order books. Decentralized exchanges route through smart contracts and pools. Always verify tokens and fees before you trade.
Frequently asked questions
What is the difference between a CEX and a DEX?
CEXs hold assets in accounts and match orders off chain. DEXs use smart contracts and let users keep self custody.How do fees work?
CEXs charge trading and withdrawal fees. DEXs charge swap fees that go to LPs and network fees for transactions.How do I avoid fake markets?
Verify token addresses, use reputable venues, and check liquidity and volume before trading.