#CEXvsDEX101 #CEXvsDEX101

In the crypto world, you will hear a lot about two important terms: CEX and DEX.

CEX refers to a centralized exchange like Binance or Coinbase, which acts as an intermediary between you and the market, meaning you have to register and verify your identity, and the wallet is under their control.

On the other hand, DEX is a decentralized exchange like Uniswap or PancakeSwap, where you trade without an intermediary, and the wallet always remains with you.

In CEX, you will find high liquidity and fast execution, but in DEX, you will find more freedom and privacy.

A simple example: if you want to buy a very new coin, you will likely find it on DEX first.

If you are looking for more security and protection for beginners, CEX might be more suitable.

Understand the difference before you choose your trading method so you can build your strategy correctly.