Sense

Crypto Learning with /sense

What are the benefits of using a Centralized Exchange for a crypto newbie ?

Ease of Use
User-friendly interfaces with apps, dashboards, charts, and fiat on-ramps.
Designed for beginners and experienced traders alike.

Liquidity
High trading volume means tight spreads and faster order execution.

Fiat Integration
Accept credit cards, bank transfers, PayPal, etc.
Allow easy conversion between crypto and traditional currencies.

Advanced Tools
Offer margin trading, futures, staking, lending, and API access.
Charts, stop-loss orders, and other tools for traders.

Customer Support
Most offer dedicated customer service (tickets, live chat).
Helpful for issues like account recovery, failed transactions, etc.

Regulatory Compliance (depending on jurisdiction)
Major CEXs (e.g., Coinbase) are regulated and work with government frameworks.

Examples of CEX's: Binance, Coinbase, Kraken, and KuCoin.

Tomorrow we talk about the cons of CEX’s.

Crypto Quiz with /sense 

Which of the following statements is false about centralized crypto exchanges ?

A - Provides customer support 

B  - User friendly interface 

C - Your crypto holdings are insured 

D - Are regulated and compliant

Hodler exploring web3. Solana airdrop farmer, bitcoin solo miner, Helium network miner, and Medium blogger. Sense channel mod.

I love life, travel 🌏❤️ Podology is my calling 👣❤️
 I explore the crypto  world 💰

Thanks for asking Steve🥰🥰 it was a quiet day, I went to the dentist and did some housework🫶

How was your day Dear Steve?