CEX is an online platform used to buy and sell cryptocurrencies such as Bitcoin and Ethereum. So, just imagine CEX like a place on the internet to trade cryptocurrencies.
CEX is very popular because it is easy to use. You can register on the CEX platform and start buying or selling cryptocurrencies quickly. You can even exchange one cryptocurrency for another cryptocurrency.
The advantage of using CEX is that you can find buyers or sellers easily. So, if you want to sell Bitcoin for example, you can quickly find people who want to buy it. CEXs also usually have additional features, such as futures trading and margin trading, that can help you earn more profits.
But, you also need to be careful when using CEX. Since you have to provide personal and identification information when registering, make sure you use a safe and trusted platform. Always keep your account secure and make sure to choose a strong password.
So, CEX is an online place to buy, sell and exchange cryptocurrencies. It is easy to use and you can profit from trading cryptocurrencies. But, always remember to be careful and use a safe platform when using CEX.
