#CEXvsDEX101

#CEXvsDEX101 refers to the baseline comparison between centralized exchanges (CEX) and decentralized exchanges (DEX). A CEX, like Binance or Coinbase, is managed by a company that administers users' funds and provides a user-friendly experience, typically 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, like Uniswap or PancakeSwap, allows users to trade directly from their own wallets without an intermediary. DEXs offer more privacy and control, but they can be slower, more expensive, and harder to use for beginners. In summary, CEX is about convenience and trust, while DEX is about control and privacy.