A CEX is custodial while a DEX is non-custodial. In a CEX, traders’ and investors' funds are domiciled on the platform. Example: Binance, Coinbase
While a DEX only acts as an exchange gateway for traders and investors to exchange their coins and tokens held on a separate wallet service. You cannot store your cryptos on a DEX. Example: PancakeSwap, Uniswap.
While most people are familiar with CEXs, not all coins/tokens can be found on all CEXs, especially emerging projects.
And waiting for some promising futuristic projects to be listed on popular CEXs could cost you a lot of missed profits. In the crypto world, getting in early is the best strategy.
Here is a very detailed infographic guide on how to buy any coin or token of your choice on a DEX successfully, plus a simple % slippage hack on Pancakeswap.
I used Transhuman Coin ($THC) as an example in this guide using the lowest slippage rate of 0.1%
The Transhuman Coin $THC is a cryptocurrency dedicated to funding research & development of technologies that enhance the Human Life Experience.
Transhumanism is the ideology of enhancing human life through Science and Technology.
The Transhuman Coin is the first and only token dedicated to Transhumanism...
By popular demand, I have created an infographic, the most detailed guide, on how to buy $THC or any coin of your choice on a DEX successfully using the lowest slippage 0.1%.
The guide is divided into 3 main segments for more clarity and organization;
1. How to Fund Your Wallet
2. How to Add a Custom Token to Your Wallet
3. How to Buy Your Desired Token on a Dex (with a hack on the Slippage rate)
