#CEXvsDEX101 CEXvsDEX101
#CEXvsDEX101 🏦 CEX vs DEX 101: Understanding Centralized and Decentralized Exchanges
Cryptocurrency trading has evolved massively since Bitcoin’s inception. One of the fundamental choices every crypto user must make is where to trade — on a Centralized Exchange (CEX) or a Decentralized Exchange (DEX). Each has its strengths and weaknesses, and understanding the difference is crucial for making informed decisions.
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🔍 What Is a Centralized Exchange (CEX)?
A Centralized Exchange is a platform managed by a company or organization that facilitates the buying and selling of cryptocurrencies.
📌 Key Features:
Operated by a central authority
User-friendly interface
Fast transactions
Fiat support (USD, EUR, etc.)
Offers customer support
🔐 Example Platforms:
Binance
Coinbase
Kraken
🖼️ Image suggestion: A polished interface of Binance or Coinbase with logos, fiat symbols, and charts.
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🌐 What Is a Decentralized Exchange (DEX)?
A Decentralized Exchange runs without a central authority. Instead, it relies on smart contracts and blockchain protocols to enable peer-to-peer trading.
📌 Key Features:
Non-custodial (you keep your private keys)
No KYC/AML
More privacy
Open-source and censorship-resistant
Requires a crypto wallet (e.g., MetaMask)
🔐 Example Platforms:
Uniswap
