#CEXvsDEX101

cex and dex refer to types of cryptocurrency exchanges

cex stands for centralized exchange examples include binance coinbase and kraken

they are run by companies and require users to deposit funds into the platform

trading happens off chain which makes it faster and usually cheaper

users often need to go through kyc which means sharing personal information

cex platforms are more user friendly but carry higher risk if the exchange gets hacked

dex stands for decentralized exchange examples include uniswap pancakeswap and sushiswap

they run on smart contracts and let users trade directly from their wallets

there is no central authority and usually no kyc

you control your own funds which adds security but also responsibility

dex platforms can have slower trades higher fees and less support

cex is better for beginners or those needing advanced features

dex is better for privacy and control over your own assets