#CEXvsDEX101 🚀 **CEX vs DEX 101: Understanding the Differences** 🚀

#### 🔥 **Centralized Exchange (CEX)**

- Operated by a company that manages transactions and liquidity.

- Requires **KYC verification**, ensuring regulatory compliance.

- Offers **high liquidity**, faster transactions, and fiat on-ramps.

- Examples: Binance, Coinbase, Kraken.

#### 🌟 **Decentralized Exchange (DEX)**

- Peer-to-peer trading without intermediaries.

- No KYC required, providing **greater privacy**.

- Uses **smart contracts and liquidity pools** for transactions.

- Examples: Uniswap, PancakeSwap, SushiSwap.

#### ⚡ **Which One is Better?**

- **CEX** is ideal for beginners, offering security and ease of use.

- **DEX** provides **more control** and **lower fees**, but requires technical knowledge.

🚀 **Choosing the right exchange depends on your trading style!**