#CEXvsDEX101

In the world of cryptocurrencies, you will often hear about two important terms: DEX and CEX.

*CEX*

is a platform like Binance or Coinbase

that acts as an intermediary between you and the market. You must register and verify your identity, and the wallet will be under their control.

*DEX*

is a decentralized platform like Uniswap or PancakeSwap, where you can trade without an intermediary, and the wallet will always be with you.

In CEX you will find high liquidity and speed of execution, while in DEX you will find more freedom and privacy.$BNB