#CEXvsDEX101

CEX (Centralized Exchange)

Run by companies (e.g., Binance, Coinbase)

Easy to use, faster trades

Requires ID (KYC)

You don’t control your private keys

DEX (Decentralized Exchange)

Peer-to-peer (e.g., Uniswap, PancakeSwap)

No ID needed (more privacy)

You control your funds (non-custodial)

Slower, can be harder for beginners