#CEXvsDEX101 CEX (Centralized Exchange) like Binance or Coinbase is run by a company. You sign up, deposit funds, and they handle everything. It’s easy, fast, and liquid—but they hold your keys, and if things go south (like FTX), you’re exposed.

DEX (Decentralized Exchange) like Uniswap or dYdX lets you trade directly from your wallet. No sign-ups, no middlemen. You keep full control of your assets, but you’ll need to understand how wallets and gas fees work.

CEX is great for beginners and quick trades. DEX is better for privacy, control, and exploring new tokens.

In short:

CEX = convenience

DEX = control

Smart traders often use both depending on their needs.