#CEXvsDEX101
🚀 CEX vs DEX 101: What’s the Difference?
Whether you're just getting into crypto or looking to level up your knowledge, understanding CEX (Centralized Exchange) vs DEX (Decentralized Exchange) is key. Here's your quick-start guide:
🔹 CEX (Centralized Exchange)
Think: Binance, Coinbase, Kraken
✔ User-friendly
✔ Fiat support
✔ Faster trades
❌ You don’t control your keys
❌ KYC required
❌ Risk of being hacked or frozen
🔸 DEX (Decentralized Exchange)
Think: Uniswap, PancakeSwap, dYdX
✔ You hold your own crypto
✔ No sign-up or KYC
✔ More privacy & decentralization
❌ Steeper learning curve
❌ No fiat support
❌ Higher gas fees (on some chains)
🧠 TL;DR:
CEX = Convenience & control (but trust required)
DEX = Freedom & privacy (but more responsibility)
Many users combine both. Trade smart, stay secure! 🔐
