Lets learn Basics - What is CEX Vs DEX
๐ฆ CEX (Centralized Exchange):
Run by a company (e.g., Binance, Coinbase).
User-friendly, fast transactions.
Requires KYC and custody of your funds.
๐ DEX (Decentralized Exchange):
Peer-to-peer trading on blockchain (e.g., Uniswap, PancakeSwap).
No KYC, you control your private keys.
Slower, may have higher gas fees, but more privacy.
โ CEX = Convenience & speed
โ DEX = Privacy & self-custody