#OrderTypes101 The hashtag #CEXvsDEX101 suggests an introductory breakdown of Centralized Exchanges (CEXs) vs. Decentralized Exchanges (DEXs) in the crypto world. Here’s a simple comparison:

🚀 CEX vs DEX: A Beginner's Guide

FeatureCentralized Exchange (CEX)Decentralized Exchange (DEX)Custody of FundsExchange holds your crypto (custodial)You hold your crypto (non-custodial)User ExperienceUser-friendly, fast, supports fiatCan be complex, wallet neededSpeedFaster trades due to internal matching enginesSlower, relies on blockchain confirmationSecurityProne to hacks (single point of failure)Safer in theory, but smart contract risks existKYC/AMLRequires identity verificationOften no KYC (depends on jurisdiction)LiquidityGenerally higherMay have lower liquidity for some pairsControlExchange controls assets and keysYou retain full control over your keys and assets

🏛️ Popular CEXs

Binance

Coinbase

Kraken

Bybit

🌐 Popular DEXs

Uniswap (Ethereum)

PancakeSwap (BNB Chain)

dYdX

Curve Finance

✅ When to Use Each

CEX: Great for beginners, fiat on/off ramps, and high liquidity trading.

DEX: Ideal for DeFi users, privacy-focused individuals, and access to new tokens early.

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