Think of it like a stock exchange, but for cryptocurrencies. A CEX is a platform where you can buy and sell cryptocurrencies like Bitcoin or Ethereum with other people. It's kind of like having a middleman who makes sure everything goes smoothly between the buyer and seller. This can be helpful for beginners because the CEX handles some of the complexities of cryptocurrency trading.
Additional CEX Info: Since CEXs are companies, they have rules and regulations you need to follow, just like using a bank. There might be fees for buying and selling crypto, and you don't always have direct control over your own cryptocurrency (the company holds it for you).
