#CEXvsDEX101

#CEXvsDEX101 Are you new to the world of crypto? Let's explain the difference between centralized exchanges (CEX) and decentralized exchanges (DEX):

🔐 CEX (Centralized Exchange):

e.g., Binance, Coinbase

✅ Easy to use

✅ Provides customer support

❌ Control your funds (you don't own the private keys)

🔓 DEX (Decentralized Exchange):

e.g., Uniswap, PancakeSwap

✅ You control your funds

✅ No verification required (KYC)

❌ Less accessible for beginners

❌ No live support

🚨 Golden Rule:

"Not your keys, not your crypto."

(If you don't own the keys, you don't actually own the currency)