#CEXvsDEX101

🔹 CEX (Centralized Exchange)

Example: Binance - OKX - Bybit

✅ Easy for beginners

✅ Fast order execution

❌ The platform controls your funds

❌ Requires identity verification (KYC)

🔹 DEX (Decentralized Exchange)

Example: Uniswap - PancakeSwap - dYdX

✅ Full control of your wallet

✅ No KYC required

❌ Slightly complex interface

❌ Liquidity may be lower