#CEXvsDEX101

CEX vs DEX 101 – Which exchange suits you?

In the crypto world, you will encounter two types of exchanges: CEX (centralized exchange) and DEX (decentralized exchange). Both allow you to buy coins, but the ways of operating are completely different:

• CEX like Binance, OKX, Bybit…: easy to use, fast, supports fiat, but you do not hold the private key, meaning "no wallet, no rights".

• DEX like Uniswap, PancakeSwap: trades directly from the wallet, no KYC required, but gas fees are high, sometimes "buying wrong means the end of the film".

CEX is suitable for beginners who want convenience and good support.

DEX is suitable for Web3 enthusiasts who want to control their assets and are not afraid of difficult interfaces.

Conclusion:

• CEX is a "comfortable inn".

• DEX is a "private house yet to be painted".

Where to choose is up to you… but ideally, you should know how to use both to survive in the stormy crypto season.