Another Way To Crypto
We’ve gone through the steps to set up a – named because one organization runs them. That company manages your account, handles the transactions and stores your crypto. And they’re there to help if needed.
An alternative is to use a . It’s a bit more involved, as you need to set up and manage your own crypto wallet – and get comfortable with keys.
hold the keys to your crypto: unique codes that identify and protect your wallet, like account numbers and passwords. The ones to know are your , , , and . are connected to the internet, while are kept offline, like on a thumb drive.
People choose DEXs to have full control – but it also means they’re responsible for every step and all the security.
Most folks start on CEXs, then explore DEXs once they’re confident.