#CEXvsDEX101 Many people are often confused about centralized and decentralized crypto systems. While it's not a new concept, understanding their function and role is essential.

At the core, it's all about how a system or network is controlled and operated.

For example, platforms like Binance are centralized exchanges (CEX). This means when you deposit your crypto there, you're handing over control (including your private keys) to the exchange.

In contrast, decentralized systems (DEX) allow you to trade directly from your wallet without giving control to any third party.