#CEXvsDEX101

1. CEX – Centralized Exchanges

Like Binance – OKX – Coinbase

🔹 Central operating entity (a company manages the platform)

🔹 Requires account registration and identity verification (KYC)

🔹 High execution speed and professional tools

🔹 Your funds are stored within the platform (Custodial)

📌 Suitable for beginners and fast trading, but you must trust the operating entity.

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🌐 2. DEX – Decentralized Exchanges

Like Uniswap – PancakeSwap – dYdX

🔹 No central party (operates via smart contracts)

🔹 No registration or KYC

🔹 Full control of your wallet (Non-Custodial)

🔹 Trading through wallets like MetaMask

📌 Freedom and security, but it can be a bit complicated and slower at times.