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CEX

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DEXConcentrated LiquidityCfmmScroll

A Centralized Exchange (CEX) is a crypto marketplace run by a single company, acting as a trusted intermediary for trades. Think Coinbase, Binance, or Kraken—they provide order books, custody, and fiat onramps in a familiar, web2-style interface.

Why it matters on AGON

AGON is a non-custodial platform. We never hold your funds. To place bets, you need self-custodied USDC on the Base network. For most users, a CEX is the primary starting point for this process.

You use a CEX to convert your fiat currency (USD, EUR) into USDC. From there, you withdraw your assets directly to your personal wallet address. This action moves your capital from a centralized, custodial environment to the decentralized chain where you have full control. This is the standard onramp for interacting with any on-chain application, including placing wagers on AGON /markets.

How to apply

Treat your CEX account as a bridge, not a vault. The core principle is "not your keys, not your crypto." While CEXs offer convenience, holding significant assets there exposes you to counterparty risk.

The standard operating procedure is simple:

  1. Onboard fiat and buy USDC on a reputable CEX.
  2. Initiate a withdrawal of your USDC.
  3. Critically, select the Base network for the withdrawal.
  4. Provide your self-custody wallet address (e.g., MetaMask, Rabby).

Once the funds arrive in your wallet, you can connect to AGON and bet with full control over your assets. Your CEX account is an entry point, not a place to hodl your entire stack.

See also

scroll · dex · cfmm · concentrated-liquidity

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