#CEXvsDEX101 CEXvsDEX101 A CEX (centralized exchange) like Binance or Coinbase acts as an intermediary in transactions, offering high liquidity, speed, and user support. However, it requires identity verification (KYC) and holds your funds, which entails certain security risks.

A DEX (decentralized exchange) like Uniswap or PancakeSwap allows direct trading between users through smart contracts. It does not require KYC and you control your funds, but it may have less liquidity, more complex interfaces, and higher fees on some networks.

Both have advantages and disadvantages, and the choice depends on your security, privacy, and experience needs.

In the world of cryptocurrencies, there are two main paths to exchange assets: CEX (centralized exchanges) and DEX (decentralized exchanges).

CEXs are ideal for those seeking convenience, customer support, and high liquidity. However, they involve less control over funds and require identity verification.

On the other hand, DEXs promote the crypto philosophy of decentralization: there are no intermediaries, you control your assets and your privacy. But this demands greater technical knowledge.

🔍 The choice depends on your priorities:

Are you looking for ease and speed? Go with CEX.

Do you prefer sovereignty and privacy? Choose DEX.