#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.