#CEXvsDEX101 #CEXvsDEX101 – Here’s a simple breakdown of Centralized Exchanges (CEX) vs Decentralized Exchanges (DEX):

🔵 CEX (Centralized Exchange)

Examples: Binance, Coinbase, Kraken

Pros:

✅ Easy to use (user-friendly)

✅ Fast transactions

✅ Customer support

✅ High liquidity

Cons:

❌ You don’t control your keys ("Not your keys, not your crypto")

❌ Can be hacked

❌ Requires KYC (identity verification)

🟠 DEX (Decentralized Exchange)

Examples: Uniswap, PancakeSwap, dYdX

Pros:

✅ You control your assets (non-custodial)

✅ No KYC needed

✅ Transparent and permissionless

✅ Usually lower fees for small trades

Cons:

❌ Can be harder for beginners

❌ Slower and less liquid

❌ Risk of smart contract bugs