#CEXvsDEX101 The hashtag CEXvsDEX101 has gained relevance on social media as a starting point to understand the key differences between centralized exchanges (CEX) and decentralized exchanges (DEX) in the world of cryptocurrencies. CEXs, like Binance or Coinbase, act as intermediaries and offer a more straightforward user experience, although they involve the custody of assets by the platform. In contrast, DEXs, like Uniswap or PancakeSwap, allow users to trade without intermediaries, maintaining full control of their funds, but require greater technical knowledge.
The label serves as an educational guide for beginners and enthusiasts, explaining basic terms, advantages, risks, and security considerations of both systems. Under the slogan "not your keys, not your cryptos", many promote the use of DEXs, while others value the practicality of CEXs. CEXvsDEX101 continues to grow as a key tool for crypto literacy.