Hey Hamsters! 🐹 Today, we have another special academy where we will be educating YOU about the differences between a decentralized exchange (DEX) and a centralized exchange (CEX). After all, they both exist for the same purpose — helping buyers and sellers trade. But, by design, each looks a little different. To understand the difference, let’s nibble into the definition. CEXs rely on centralized order books and custodial wallets, meaning users must trust the exchange to manage their assets, while also following government regulations. In contrast, DEXs like Ebi.xyz leverage blockchain technology and smart contracts for non-custodial trading, giving users full control of their assets at all times without the need to trust a central authority. Although DEXs can be harder to use, Ebi.xyz offers a user-friendly limit order book model similar to CEXs, making it easier for newcomers to transition. Additionally, as Hamster Kombat is a partner with Ebi.xyz, users benefit from exclusive airdrops and rewards, which can be redeemed and traded for USDT without requiring KYC verification. That’s all for today! Subscribe and remember: Hamsters are power 💪
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