Join Stoncat on a crypto
adventure: DEX vs CEX!

Help him decide which type of exchange — centralized (CEX) or decentralized (DEX) — suits his needs best as he navigates through three challenges.
● let's start ●
Stoncat has heard about the potential of cryptocurrencies and wants to start trading.
But first, he needs to choose an exchange.
Should he go for a CEX, known for its user-friendly interface and customer support, or a DEX, which offers more control and privacy?
● Challenge 1 ●

The quest for privacy

Stoncat values his privacy. He’s heard that one type of exchange requires personal information for registration, while the other does not. Help Stoncat choose where he can trade without disclosing his identity.
CEX
CEX
DEX
DEX
No KYC required
Requires KYC
NEXT
● Challenge 2 ●

The demand for liquidity

Stoncat needs to execute a large trade quickly without causing a major price impact. Which exchange type is typically known for higher liquidity?
CEX
CEX
DEX
DEX
May have less liquidity, leading to potential price slippage
Generally offers higher liquidity and tighter market spreads
NEXT
● Challenge 3 ●

The hunt for rare tokens

Stoncat is searching for rare, niche cryptocurrencies that aren’t available on most platforms. Which type of exchange is more likely to offer a broader range of unique tokens?
CEX
CEX
DEX
DEX
Often provides access to a wider variety of tokens, including newer or less common ones
Typically has mainstream and popular tokens
NEXT

After exploring both types of exchanges, Stoncat understands the pros and cons of each. CEXs offer convenience and speed, but at the cost of privacy and control. DEXs provide more freedom and security, though they may be a bit more complex.

● Stoncat’s reflection ●

Help Stoncat decide his path!

Security is Stoncat’s top priority, especially after learning about the risks of centralized control. So, what should Stoncat choose to ensure maximum security for his transactions and holdings?
CEX
CEX
DEX
DEX

Thank you for your help in guiding Stoncat’s choices

Stoncat values his privacy. He’s heard that one type of exchange requires personal information for registration, while the other does not. Help Stoncat choose where he can trade without disclosing his identity.

If you’re interested in expanding your knowledge and exploring how DEXes operate in more detail, we have curated some resources that can help.

How does a DEX work?
Try a DEX

Whether you’re looking to start trading or just want to learn more, these links will provide the information you need to proceed confidently.