Deciding Between STON.fi and Centralized Exchanges: A Guide for Crypto Beginners

When choosing between STON.fi and a traditional exchange as a newcomer to cryptocurrency, understanding the differences between decentralized (DEX) and centralized (CEX) platforms is crucial. STON.fi is a decentralized platform on the TON blockchain allowing for crypto exchanges and passive income generation without intermediaries. Its main benefits include user-controlled tokens stored in personal wallets, direct peer-to-peer exchanges, opportunities for farming and staking, and straightforward usage with wallet connections. In contrast, centralized exchanges like Binance or WhiteBit operate differently: funds are held on the platform, leading to reduced control, potential account blocking risks, and reliance on the platform's rules and stability. Choosing STON.fi is preferable if you value control over your assets, wish to earn passive income through farming or staking, or need quick token swaps without hassle. Beginners are advised to start with small amounts on both platforms to gauge which suits their needs better, being mindful that DEX platforms require greater personal responsibility.