Use Cases and Utilities Of Crypto

In this lesson, we explore the digital marketplaces where cryptocurrencies change hands: exchanges. We look at Centralized Exchanges (CEX), such as Coinbase and Binance, which are operated by companies and offer an array of services with ease of use, making them a good starting point for newcomers. Then there are Decentralized Exchanges (DEX), like Uniswap and SushiSwap, where trading is facilitated by smart contracts on the blockchain without intermediaries. DEXs provide greater privacy and control over funds but may present a steeper learning curve and less trading variety. Understanding the mechanics, risks, and fees associated with each type of exchange is crucial for anyone entering the crypto trade. We also stress the importance of security and using reputable platforms to protect your assets.