#CEXvsDEX101 🔄 CEX vs DEX 101 on Binance

Do you know the difference between CEX and DEX?

🔹 CEX (Centralized Exchange) like Binance:

A broker that manages trading operations.

Easy to use, fast, and provides advanced tools.

Requires identity verification (KYC).

🔸 DEX (Decentralized Exchange) like PancakeSwap:

Direct trading between users without a broker.

Higher privacy and no need for KYC.

Requires a wallet like MetaMask and more experience.

📌 On Binance, you can use CEX and DApps to easily access DEX. Choose based on your experience and needs!

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