#CEXvsDEX101

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two ways to trade crypto. CEXs like Binance or Coinbase are run by companies. They are easy to use and offer fast trading but need user verification (KYC). DEXs like Uniswap or PancakeSwap run without a central authority. You control your funds and trade directly from your wallet, but they may be slower and harder for beginners. CEXs are more user-friendly, while DEXs offer more privacy and control. Choose CEX for ease and support; choose DEX for freedom and self-custody.

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#CryptoBasics #CEXvsDEX101 #CryptoTrading #Blockchain