#CEXvsDEX101 CEXvsDEX101 💡

What’s the real difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? Let’s break it down:

🔐 CEX (Centralized Exchange):

– Run by a company (think Binance, Coinbase)

– Easier onboarding for beginners

– Custodial: the exchange holds your crypto

– Often faster and more liquid

– Subject to regulations and potential hacks

🌐 DEX (Decentralized Exchange):

– No middleman (think Uniswap, PancakeSwap)

– You trade directly from your wallet

– Non-custodial: you control your assets

– Slower and can have higher fees

– Greater privacy and censorship resistance

👉 TL;DR:

CEX = Convenience & liquidity, but centralized trust

DEX = Control & privacy, but more responsibility

Choose based on your priorities: Security? Speed? Simplicity?