Find out how to set up CEX, DEX and hardware Ethereum wallets that are essential for efficiently traversing the cryptocurrency ecosystem.
For anyone looking to participate in the Ethereum ecosystem, creating an Ethereum-based wallet is often the first step. With a wallet, users can trade or hold Ether (ETH) and interact with decentralized applications (DApps) and smart contracts built on the Ethereum platform. Thus, the wallet facilitates financial and interactive experiences for the user within the Ethereum ecosystem.
This guide explains how to set up and create an ETH wallet on a centralized exchange (CEX) and a decentralized exchange (DEX) and how to set up a hardware wallet.
As the name suggests, CEX wallets are a product of centralized exchanges (CEXs) that allow users to hold and trade cryptocurrencies. Easily accessible and user-friendly, CEX wallets enable users to trade ETH and other cryptocurrencies using a safe interface, thanks to the integrated support for a wide range of blockchain networks.
