#CEXvsDEX101
Centralized vs. Decentralized Exchanges — What’s the Real Difference? 🤔
When it comes to trading crypto, where you trade can matter just as much as what you trade.
🔷 Centralized Exchanges (CEX)
✔️ User-friendly & beginner-friendly
✔️ High liquidity and fast trade execution
✔️ Features like margin, futures, copy trading, staking
❗ Requires KYC & custody of your funds by the exchange
Example: Binance, Coinbase, Bitget
🔶 Decentralized Exchanges (DEX)
✔️ Non-custodial — you hold your keys 🔐
✔️ Peer-to-peer trading, no KYC required
✔️ Greater privacy & permissionless access
❗ Lower liquidity, slower execution, and higher risk of slippage
Example: Uniswap, PancakeSwap, dYdX
💡 Which should you use?
CEX = Convenience & speed
DEX = Privacy & control
Diversify your tools depending on your goals. Smart traders often use both.
