#CEXvsDEX101 Boa! A hashtag #CEXvsDEX101 is used to explain, in simple terms, the difference between two types of cryptocurrency platforms: CEX (Centralized Exchange) and DEX (Decentralized Exchange).

If you are starting to invest or trade, understanding this is essential to choose where to put your money with more security and control.

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🔍 #CEXvsDEX101 – What are they and what is the difference?

🏛️ CEX – Centralized Exchange

> It is a centralized brokerage, controlled by a company.

Examples:

Binance ✅

KuCoin

Coinbase

OKX

Characteristics:

You create an account, do KYC (identity verification)

The company controls the custody of the funds

Easy-to-use interface (ideal for beginners)

Customer support, mobile apps, P2P, staking, etc.

Pros:

✅ Easy to use

✅ High liquidity and volume

✅ Generally low fees

✅ Technical support

Cons:

❌ You do not have 100% control of your cryptos

❌ Can freeze accounts or limit withdrawals

❌ Can be hacked (like any centralized system)

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