#CEXvsDEX101 #CEXvsDEX101
**Centralized (CEX) vs. Decentralized (DEX): Know Your Exchange! #Cexvsdex101** 🏦🌐
**1. CEX (e.g., Binance, Coinbase)**
*Central Authority:* Run by a company. They hold your funds (custodial).
*Pros:* Easier for beginners. Fast trades. Fiat on/off ramps. Customer support.
*Cons:* Less control. KYC required. Hacking targets.
**2. DEX (e.g., Uniswap, PancakeSwap)**
*No Middleman:* Peer-to-peer trades via smart contracts. **You hold your keys.**
*Pros:* Greater privacy (often no KYC). Non-custodial (control your assets). Censorship-resistant.
*Cons:* Steeper learning curve. Slower? Self-responsibility (no support).
