#CEXvsDEX101 📈 CENTRALIZED EXCHANGES (CEX):

* What are they? Platforms like Binance where you deposit your funds and they hold them.

* Advantages: Ease of use, high liquidity, access to fiat (traditional money), customer support, variety of services (trading, staking, etc.).

* Disadvantages: You need KYC (identity verification), your funds are not under your control ("not your keys, not your coins"), risk of censorship or hacking.

* When to use them? Ideal for beginners, if you need to convert fiat to crypto, or if you are looking for high liquidity and a simple user experience.