#CEXvsDEX101 Quick Summary: CEX vs DEX - Which One to Choose?**

#### **🔍 The Key Difference**

- **CEX (Centralized):** like Binance and Coinbase - an intermediary that controls your funds

- **DEX (Decentralized):** like Uniswap - you have direct control over your funds

#### **⚖️ Quick Comparison**

| Criterion | CEX | DEX |

|---------|-----|-----|

| **Fund Control** | ❌ (the platform controls) | ✅ (you control) |

| **Privacy** | ❌ (requires KYC) | ✅ (no identity) |

| **Liquidity** | ✅ (high) | ❌ (limited) |

| **Fees** | Average | Variable (Gas) |

| **Difficulty** | Easy for beginners | Requires experience |

#### **💡 Selection Tips**

1. Choose **CEX if you are**:

- A beginner

- Want high liquidity

- Don’t mind providing your identity

2. Choose **DEX if you are**:

- Concerned about privacy

- Want complete control over your funds

- Willing to pay gas fees

#### **⚠️ Important Warnings**

- CEX: Risk of freezing funds (as happened with FTX)

- DEX: Risk of fraudulent smart contracts

**🎯 Final Summary:**

CEX for ease and speed, DEX for more security and privacy. Both can be used together as needed!