#CEXvsDEX101

Here’s a simple comparison between CEX (Centralized Exchange) and DEX (Decentralized Exchange) along with a visual to help you understand the key differences.

📊 CEX vs DEX: Key Differences

FeatureCentralized Exchange (CEX)Decentralized Exchange (DEX)ControlControlled by a central authorityUsers control their own fundsCustodyPlatform holds user fundsNon-custodial (user keeps keys)Ease of UseUser-friendly, easier for beginnersRequires more technical knowledgeSpeedFast transactionsMay be slower (depending on network)LiquidityHigh liquidityCan be lower, depending on usageSecurityProne to hacks if platform is compromisedSafer if smart contracts are secureKYC/AMLOften requiredUsually not requiredExamplesBinance, Coinbase, KrakenUniswap, PancakeSwap, SushiSwap

🖼️ Visual Representation

Let me generate an image for you that illustrates the difference between CEX and DEX.

Image created