#CEXvsDEX101

Why it’s important to know the difference between CEX and DEX.

1. CEX (Centralized Exchange)

Examples: Binance

Advantages:

User-friendly interface

Customer support

High volume and liquidity

Disadvantages:

Centralized control

KYC (identity required)

Risks of hacking or fund freezing

4. DEX (Decentralized Exchange)

Examples:

Advantages:

No KYC

Full control over your funds (personal wallet)

Open source and decentralized

Disadvantages:

More complex to use

Less liquidity for certain pairs

Gas fees (Ethereum…)

5. Clear comparison table: CEX vs DEX

Security

Anonymity

Ease of use

Liquidity

Control of funds

Ideal for beginners or advanced users

6. What type of user are you?

Small test or series of questions to help choose between CEX and DEX