#CEXvsDEX101

Do you know the difference between a CEX and a DEX? 🤔

If you're starting in the crypto world, understanding this is ESSENTIAL!

🔸 CEX (Centralized Exchange): like Binance, where you create an account, do KYC (identity verification), and the company takes care of the security and liquidity of transactions.

✔️ Easier to use

✔️ Customer support

✔️ Ideal for beginners

🔸 DEX (Decentralized Exchange): like Uniswap or PancakeSwap, where you trade directly from your wallet, without intermediaries.

✔️ More freedom

✔️ No KYC

⚠️ More responsibility over your assets

📌 Summary:

👉 CEX = ease and support

👉 DEX = freedom and total control