Post #658

🔐Getting Started with CEX: A Friendly Introduction for Traders We’ve already covered DEX and shared a small selection of exchanges to get started. But you might have wondered: if there are decentralized exchanges, does that mean centralized ones exist too? The answer is yes—not only do they exist, but they’re also in high demand among users. Let’s take a closer look at them today. 📖What sets CEX apart from DEX? In a centralized exchange (CEX), a single organization acts as an intermediary between parties, processing transactions through an order book and internal tools, without direct blockchain interaction. The key distinction is the requirement for registration and identity verification (KYC), designed to protect users. If a transaction error occurs, you can contact customer support to resolve the issue and recover your funds. 🔗What do we have in Apps Center? Leading centralized exchanges have also taken the opportunity to launch their Mini Apps directly on Telegram (how to add your application to Apps Centercan be found here). Today, we’d like to highlight a few of them:Bitget, OKX Racer, OKX Wallet, and Gate.io Wallet. Each exchange has unveiled their own Mini Apps where users can earn in-game points to receive various trading bonuses on the exchanges. 🗂 While CEX is a great way for beginners to enter trading without delving into the complexities of blockchain infrastructure and tools, experienced users also value CEX for its higher liquidity, advanced features, and the ability to contact customer support when needed.