#CEXvsDEX101 : Centralized vs Decentralized Exchanges Explained
When trading crypto, you’ll hear about CEX and DEX — but what’s the difference?
---
🏢 Centralized Exchange (CEX)
Operated by companies (e.g., Binance, Coinbase)
User-friendly & fast
High liquidity & advanced tools
You trust them to hold your funds
Usually requires KYC (ID verification)
---
🌐 Decentralized Exchange (DEX)
Runs on blockchain (e.g., Uniswap, PancakeSwap)
You control your private keys (non-custodial)
No sign-up or KYC needed
More privacy & transparency
Liquidity & speed can be lower than CEX
---
💡 Pro Tip:
For beginners, start with CEX for ease. For privacy and control, explore DEX options.
What’s your favorite? Let’s discuss! 👇
#CexvsDex101 #CryptoTrading #DeFiBasics #BinanceEducation #TradeSmart #Crypto101
