#CEXvsDEX101 🔵CEX (Centralized Exchange) is a platform where a central authority manages the trading, like Binance or Coinbase. They hold your funds and handle everything on your behalf.
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📊DEX (Decentralized Exchange) operates without a central authority, allowing users to trade directly with each other using smart contracts, like Uniswap or PancakeSwap.
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The main difference is that CEXs are centralized and controlled by a company, while DEXs are decentralized and give users more control over their funds. #BTC110KSoon?