> For the complete documentation index, see [llms.txt](https://references.everstrike.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://references.everstrike.io/account/dex-mode-vs.-cex-mode.md).

# DEX Mode vs. CEX Mode

Choose the mode that matches how you want to manage your wallet.

### Key difference

In DEX mode, you connect and control your own wallet.

In CEX mode, Everstrike creates and manages a wallet for you.

| Mode     | Wallet control                             | Best for                               |
| -------- | ------------------------------------------ | -------------------------------------- |
| DEX mode | You control the wallet credentials.        | Users who want self-custody.           |
| CEX mode | Everstrike manages the wallet credentials. | Users who prefer a managed experience. |

### Choose DEX mode

Use DEX mode if you already have a Web3 wallet. It keeps you in control of its credentials.

You must protect your recovery phrase and private keys. Everstrike cannot recover a wallet you no longer control.

[Connect a wallet and start trading](/trading/how-to-start-trading-on-everstrike.md).

### Choose CEX mode

Use CEX mode if you do not have a Web3 wallet. It also suits users who prefer Everstrike-managed custody.

CEX mode requires you to trust Everstrike with wallet management. You do not control the wallet credentials.

[Learn how CEX mode works](/account/cex-mode.md).

### Switch modes

You can switch between DEX mode and CEX mode at any time.

Switching modes does not affect your funds or positions.