#CEXvsDEX101 Brief Explanation CEXvsDEX

|--| CEX – Centralized Exchange

Examples: Binance, Coinbase, Kraken

🔸 Platforms managed by a company.

🔸 Easier to use for beginners.

🔸 Deposit of funds on the platform (custodial).

🔸 KYC required in most cases.

🔸 High trading volume, fast execution.

|--| DEX – Decentralized Exchange

Examples: Uniswap, PancakeSwap, dYdX

🔹 No central management, operates on the blockchain.

🔹 You remain in control of your funds (non-custodial).

🔹 No KYC required.

🔹 Less intuitive, but more transparent.

🔹 Less liquidity than CEX in general.