#CEXvsDEX101
#CEXvsDEX101
🔄 CEX (Centralized Exchanges):
Operated by a company or entity (e.g., Binance, Coinbase).
Requires account creation and identity verification (KYC).
Provides high liquidity and speed of execution.
Users do not own the private keys to their wallet.
🔗 DEX (Decentralized Exchanges):
Operates without an intermediary (e.g., Uniswap, PancakeSwap).
Does not require identity verification.
Full control of funds is in the user's hands.
Relies on smart contracts and may be slower and less liquid.
⚖️ Key Difference:
CEX = Easy and fast, but centralized.
DEX = Privacy and full control, but requires expertise.
🔐 "Not your keys, not your crypto!"
