#CEXvsDEX101

refers to the basic comparison between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). A CEX, like Binance or Coinbase, is run by a company that manages users’ funds and provides a user-friendly experience, usually requiring identity verification (KYC). These platforms are fast, convenient, and offer customer support, but they require users to trust the exchange to keep their assets safe. On the other hand, a DEX, such as Uniswap or PancakeSwap, allows users to trade directly from their own wallets without any middleman. DEXs offer more privacy and control, but can be slower, more expensive, and harder to use for beginners. In short, CEX is about convenience and trust, while DEX is about control and privacy.