What is CEX?
A centralized exchange that holds user funds, such as Binance or OKX.
Details
A centralized exchange (CEX) holds user funds and matches orders, with Binance and OKX as typical examples. CEXs offer high liquidity, a simple user experience and mature security systems, making them the usual starting point for beginners. The trade-off is custody risk, so choose a reputable platform, enable two-factor authentication and use withdrawal whitelists.
Key Points
- Platform custody brings high liquidity and ease of use
- Pick a reputable compliant exchange and enable security settings
- Keep large amounts in a self-custody wallet
FAQ
What is CEX?
A centralized exchange that holds user funds, such as Binance or OKX.
What are the key points about CEX?
A centralized exchange (CEX) holds user funds and matches orders, with Binance and OKX as typical examples. CEXs offer high liquidity, a simple user experience and mature security systems, making them the usual starting point for beginners. The trade-off is custody risk, so choose a reputable platform, enable two-factor authentication and use withdrawal whitelists.
Is this term related to a specific coin?
It applies broadly across the crypto industry.
Related
Start trading on a major exchange
Download Binance or OKX from the official website to start trading.
Risk warning: crypto prices are volatile. This page is for information only and is not investment advice.