noun | iks·cheyhnj
An exchange is like a digital swap meet for degenerates and gamblers - it's a platform where you can trade your hard-earned fiat for magic internet money, and then lose it all on shitcoins and margin trading. It's like a casino, but with more scams and less free drinks.
Example
"I signed up for a shady exchange based in Malta that promised 100x leverage and no KYC. Next thing I know, my account is drained and my identity is being sold on the dark web. Lesson learned: never trust an exchange with a name that sounds like a Bond villain's lair."
"Centralized exchanges are like the Wal-Mart of crypto - they're convenient, but they're also soulless corporations that will sell you out to the feds faster than you can say 'not your keys, not your coins.'
DEXes are like the farmers market of crypto - they're more wholesome, but they're also full of scammers and hipsters trying to sell you overpriced organic shitcoins. Pick your poison, fam."
