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Glossary / CEX (centralized exchange)

CEX (centralized exchange)

A CEX is a company-run exchange such as Coinbase or Binance that holds your coins in an account.

Why it matters

It is convenient, but you are trusting the company with your funds.

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Related terms

DEX (decentralized exchange)A DEX lets you trade tokens straight from your wallet through smart contracts, with no acc…Self-custodySelf-custody means you hold your own keys and therefore your own coins, instead of trustin…

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Written by the VaultX AI team. Educational only, not investment advice.

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