#CEXvsDEX101 Centralized or Decentralized?

Imagine you want to buy or sell something. You have two main options, like going to a bank or a local market:

1. CEX: The "Traditional" Exchange (Centralized)

A CEX (Centralized Exchange) is like a cryptocurrency bank (e.g., Binance). It is a company that holds your cryptos and manages your transactions.

Easy to Use: They are very beginner-friendly. They have an intuitive design and customer support.