#CEXvsDEX101 #CEXvsDEX101 is a catchy hashtag often used to compare Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) in the world of cryptocurrency. Here's a quick beginner-friendly breakdown:

---

🔵 Centralized Exchanges (CEX)

Examples: Binance, Coinbase, Kraken

Pros:

🧑‍💼 User-friendly (good for beginners)

💰 High liquidity

⚡ Fast transactions

🛡️ Customer support & security features

Cons:

🔐 You don't control your private keys ("Not your keys, not your crypto")

🎯 Target for hacks

👮 Subject to government