#CEXvsDEX101 **#CEXvsDEX101 – Centralized vs. Decentralized Exchanges**
**CEX (Binance, Coinbase)**
✅ Easy fiat on-ramps
✅ High liquidity & speed
✅ Advanced trading tools
❌ Custodial (you don’t hold keys)
❌ KYC requirements
✅ Non-custodial (true ownership)
✅ No KYC – pseudonymous
✅ Access to new tokens early
❌ Higher slippage on low-liquidity pairs
❌ Smart contract risks
CEX suits beginners and high-volume traders; DEX empowers DeFi users and privacy-focused traders. Hybrid solutions (like aggregators) now bridge both worlds. Choose based on priorities: convenience vs. control.
