Summary for Learning Material

Centralized Exchanges (CEX) act like banks, handling everything for you, but you have to trust them with your money. Decentralized Exchanges (DEX) let you trade directly with other people, so you’re in control, but it can be more complicated. You can buy and sell cryptocurrency by placing an order on an exchange, similar to how you exchange regular money at a money changer. Understanding how exchanges work is key to starting your cryptocurrency journey!