#CEXvsDEX101

### **CEX vs DEX 101: Understanding Crypto Exchanges**

Cryptocurrency exchanges come in two main types: **Centralized Exchanges (CEX)** and **Decentralized Exchanges (DEX)**.

🔹 **CEX (Centralized Exchange)** – Platforms like Binance and Coinbase operate under a central authority, offering high liquidity, security, and fiat-to-crypto trading. They require **KYC verification** and act as intermediaries between buyers and sellers.

🔹 **DEX (Decentralized Exchange)** – Platforms like Uniswap and PancakeSwap allow peer-to-peer trading without intermediaries. Users retain full control of their assets, but liquidity and security depend on smart contracts.

🚀 **Which is better?**

CEXs are beginner-friendly, while DEXs offer more privacy and decentralization. Choosing depends on your trading style!