#CEXvsDEX101

🔁 CEX vs DEX

This means comparing:

CEX (Centralized Exchange) = Centralized platform

DEX (Decentralized Exchange) = Decentralized platform

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✅ CEX - Centralized platforms (like Binance, Coinbase):

Managed by a company

User-friendly

Requires verification (KYC)

Faster trading with high liquidity

You do not own your wallet keys (the famous saying: "Not your keys, not your crypto.")

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✅ DEX - Decentralized platforms (like Uniswap, PancakeSwap):

No registration or verification required

High privacy

Depends on self-custody wallets (like MetaMask)

Lower liquidity and sometimes slower

Requires more technical knowledge

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📌 In summary:

CEX = Convenient and fast but centralized

DEX = Private and free but requires expertise