#CEXvsDEX101
Sure! Here's a concise summary of CEX vs DEX in 10–25 lines:
CEX vs DEX: Quick Breakdown
CEX (Centralized Exchange):
Run by a company (e.g., Binance, Coinbase).
Requires account creation and KYC.
You deposit funds into the exchange’s custody.
Trades are fast and matched by the exchange.
Easy fiat deposits/withdrawals.
High liquidity and user-friendly.
Risk: Exchange hacks, frozen withdrawals, custodial control.
DEX (Decentralized Exchange):
Peer-to-peer trading via smart contracts (e.g., Uniswap).
No account or KYC needed—just a crypto wallet.
You always control your funds (non-custodial).
Trades occur directly on the blockchain.
No fiat support; crypto only.
More private, censorship-resistant.
Risk: Smart contract bugs, slippage, gas fees.