#CEXvsDEX101 Cex Vs Dex

My points of comparison between the two are:

CEXs are platforms where you can buy cryptos in almost all the world's currencies and store them bank-style. They are centralized exchanges, such as Binance. They are easy and convenient to access and have a support area that helps you along the way if you're a beginner. They ask for your identity details for user verification.

DEXs work in a market-like manner. There's no intermediary platform when you want to buy cryptos. You have full control of your cryptos. Identity verification is almost never required. Liquidity is handled differently than CEXs. Their interface isn't as comfortable or easy to navigate if you're a beginner.