#CEXvsDEX101

🔄 CEX vs DEX: What’s the Difference?

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🔹 Centralized Exchange (CEX)

• Operated by a company or organization

• User funds are held in the platform’s custody

• Offers high liquidity and fast transactions

• Provides customer support and advanced features

• Requires user identity verification (KYC)

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🔸 Decentralized Exchange (DEX)

• Runs on blockchain technology without a central authority

• Users retain control of their own funds

• Trades occur directly between users (peer-to-peer)

• Typically more private but may have lower liquidity

• No centralized customer service

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💡 Choose based on your priorities: ease and speed, or privacy and control.