#CEXvsDEX101 🔹 CEX (Centralized Exchange) – Centralized Trading Platform

Examples: Binance, Coinbase

Managed by a company or central entity

Requires registration and identity verification (KYC)

User-friendly and fast

Keeps your funds within the platform (you do not control the private keys)

🔹 DEX (Decentralized Exchange) – Decentralized Trading Platform

Examples: Uniswap, PancakeSwap

Operates via smart contracts without intermediaries

No registration or verification required

The user has full control over their funds (Non-custodial)

Sometimes slower and less liquid

🎯 Main difference:

In CEX, you rely on a third party to manage your funds,

While in DEX, you are the sole manager of your wallet.