#CEXvsDEX101 Simple Introduction

🖊️👉CEX means centralized exchange and DEX means decentralized exchange both are platforms for crypto trading.

🖊️👉CEX (Centralized exchange ) is run by a company. it's user friendly, fast and customer support. you deposit crypto into their wallet and they manage trade for you. Examples are Binance & Coinbase etc

🖊️👉DEX (Decentralized exchange) is peer to peer with no central authority. you trade directly form your wallet, keeping full control of your funds. it offers more privacy but may slower and harder to use.

Examples are Uniswap & Pancakeswap etc

In short CEX is easy and beginner friendly while DEX gives you more control and privacy. Your choice depends on what you value more convenience or control.

Note : This is not financial advice please do your own research before trading.