#CEXvsDEX101
The difference between centralized (CEX) and decentralized (DEX) exchanges:
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📘 #CEXvsDEX101 | The difference between centralized and decentralized exchanges in the crypto world
🔹 Centralized exchanges (CEX):
These are platforms managed by companies that act as intermediaries between you and the market.
Examples: Binance, Coinbase, Kraken
✅ Advantages:
Easy to use and suitable for beginners
High liquidity and fast execution
Technical support in case of issues
Advanced trading tools available
❌ Disadvantages:
You don't own the private keys to your wallet
Identity verification (KYC) is required
Vulnerable to hacking or freezing
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🔸 Decentralized exchanges (DEX):
Operate directly through smart contracts without an intermediary or central authority.
Examples: Uniswap, PancakeSwap, SushiSwap
✅ Advantages:
Full control over your funds (Non-Custodial)
No need for identity verification
Open to anyone, anywhere
Transparency and security thanks to blockchain
❌ Disadvantages:
Require expertise and understanding of the technology
Network fees (Gas) can sometimes be high
No direct support
Risks of smart contracts
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⚖️ Which is more suitable for you?
For beginners: Centralized exchanges (CEX)
For those concerned about privacy and control: Decentralized exchanges (DEX)
For professionals: A combination of both as needed
