#CEXvsDEX101 In the world of cryptocurrencies, there are two main types of exchanges: CEX (Centralized) and DEX (Decentralized). Let's consider the main differences

📌CEX (Centralized Exchange)

User-friendly interface

Fast trading

Higher liquidity

Requires KYC

Funds are stored on the platform

📌DEX (Decentralized Exchange)

Full control over your assets

No KYC, more privacy

Trading directly from your wallet

May have lower liquidity

Requires more technical knowledge

CEX is great for beginners, while DEX offers freedom and decentralization for more experienced users.