#CEXvsDEX101 🔄 #CEXvsDEX101 – What's the Difference? 🔄

If you're new to crypto trading, you’ve probably seen the terms CEX and DEX floating around. Here's a quick breakdown:

🏢 Centralized Exchange (CEX)

Examples: Binance, Coinbase, Kraken

Operated by a company

Requires KYC (ID verification)

User-friendly and fast

Your funds are held by the exchange

Pros:

✅ Easy to use

✅ High liquidity

✅ Customer support

Cons:

❌ Less privacy

❌ Exchange controls your crypto

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🌐 Decentralized Exchange (DEX)

Examples: Uniswap, PancakeSwap, dYdX

No central authority

You keep control of your wallet & keys

Trades are done peer-to-peer via smart contracts

Pros:

✅ More privacy

✅ You own your funds

✅ No KYC required

Cons:

❌ Can be complex

❌ Lower liquidity

❌ No customer support

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🔍 Which is better?

✅ Use CEX if you're a beginner and want ease of use.

✅ Use DEX if you value privacy and full control of your assets.

💡 Tip: Many traders use both depending on their needs.

#CryptoTrading #CryptoBasics #LearnCrypto #CryptoEducation #CEX #DEX #Blockchain