#CEXvsDEX101

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🔵 What is CEX? (Centralized Exchange)

Example: Binance, Coinbase, Kraken

✅ Ease of use: User-friendly interfaces suitable for beginners.

✅ High liquidity: Fast execution of trades.

✅ Customer support: Assistance service available.

❌ Centralized control: The platform controls your funds (not in your own wallet).

❌ Requires identity verification (KYC).

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🟠 What is DEX? (Decentralized Exchange)

Example: Uniswap, PancakeSwap, dYdX

✅ Full control: You own the keys to your wallet.

✅ No need for KYC: Trade without disclosing identity.

✅ Greater transparency: Trades occur via smart contracts.

❌ Less liquidity (especially for small tokens).

❌ More complex: You need to understand wallets and smart contracts.

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📊 Quick comparison

Feature CEX DEX

Security High (but vulnerable to hacks) High (if you keep your keys safe)

Privacy Low High

Fees Low to medium Often slightly higher

Custody of assets Under platform control You own your funds completely

Technical support Available Rare or unavailable

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💡 Conclusion:

If you are a beginner or want relatively fast and secure trading, CEX is the best for you right now.

If you prefer privacy and independence, and have experience with wallets, try DEX.