#CEXvsDEX101 means "The comparison between CEX and DEX for beginners" — it is a simplified explanation of the differences between two types of platforms in the world of cryptocurrency trading. Here is the explanation in English :
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The difference between CEX and DEX – #CEXvsDEX101
First of all: what do CEX and DEX mean?
CEX = Centralized Exchange = Centralized Exchange
DEX = Decentralized Exchange = Decentralized Exchange
Both are used to trade cryptocurrencies, but there are major differences in how they operate, security, and privacy.
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1. Centralized Platforms (CEX)
🔸 Like: Binance – Coinbase – Kraken – Bitfinex
✅ Advantages:
Easy to use for beginners.
Fast execution.
Technical support and customer service.
Ability to use fiat currencies (like the dollar or euro) directly.
❌ Disadvantages:
Requires opening an account and verifying your identity (KYC).
The platform controls your funds (they are not in your personal wallet).
Can be subject to hacks or unexpected shutdowns.
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2. Decentralized Platforms (DEX)
🔸 Like: Uniswap – PancakeSwap – SushiSwap – dYdX
✅ Advantages:
No need for registration or verification.
You own the keys to your wallet, and no one controls your funds.
High privacy.
Less subject to censorship.
❌ Disadvantages:
More difficult interface for beginners.
Network fees can be high (especially on Ethereum).
Does not accept fiat currencies.
Limited or non-existent technical support.
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Quick comparison:
Criterion CEX (Centralized) DEX (Decentralized)
Fund control the platform the user
Privacy Low (KYC required) High (no verification)
Speed.
