🤔 CEX or DEX? Here’s your brief guide to understanding the difference!
#Learn_Blockchain
Are you new to the crypto world and hearing a lot about CEX and DEX?
Here’s the comparison briefly 👇
🔵 Centralized Exchanges (CEX) – like Binance
✔️ A trusted intermediary that facilitates trading.
✔️ Advantages:
User-friendly interface for beginners
Fast execution of trades
Direct technical support
High liquidity
Trading cryptocurrencies against fiat (like BTC/USDT)
⚠️ Challenges:
Requires KYC (Know Your Customer)
The platform temporarily manages your funds
🟣 Decentralized Exchanges (DEX) – like PancakeSwap / Uniswap
✔️ Operates on the blockchain without intermediaries.
✔️ Advantages:
Full control over your funds
No need for KYC
Censorship-resistant
⚠️ Challenges:
Less user-friendly interfaces
Self-responsibility for securing your wallet
Gas fees can be high
Limited liquidity at times