#CEXvsDEX101
🔄 #CEXvsDEX101 – The difference between centralized (CEX) and decentralized (DEX) platforms:
1. 🏦 Centralized Platforms (CEX - Centralized Exchange):
Managed by a company or central authority.
Requires login and identity verification (KYC).
Examples: Binance, Coinbase.
✅ Easy to use, 🔒 but the user does not own the private keys.
2. 🌐 Decentralized Platforms (DEX - Decentralized Exchange):
No intermediaries, operates through smart contracts.
Does not require registration or identity verification.
Examples: Uniswap, PancakeSwap.
🔐 The user retains their keys, ❗ but the interface may be complex for beginners.
3. ⚖️ Quick comparison:
| Criterion CEX Security Average (Hacking Risks) | High (Full control of the wallet) Speed Faster Relatively slower Privacy Lower Higher Liquidity High Medium to High
