#CEXvsDEX101 Sure! Here's a simple breakdown of #CEXvsDEX101 in English:

🔹 CEX (Centralized Exchange)

Examples: Binance, Coinbase, Kraken

✔️ Pros:

Easy to use (user-friendly interfaces)

Fast transactions

Customer support is available

❌ Cons:

You don’t control your private keys (they do)

Risk of being hacked

Requires ID verification (KYC)

🔹 DEX (Decentralized Exchange)

Examples: Uniswap, PancakeSwap, SushiSwap

✔️ Pros:

You control your own funds (non-custodial)

No ID required (anonymous trading)

Peer-to-peer transactions

❌ Cons:

Can be harder to use (need basic crypto knowledge)

Slower transactions sometimes

No customer support

📌 In Summary:

CEX = Convenience + Fast + Trust in a central authority

DEX = Privacy + Control + Trust in code (decentralized)

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