#CEXvsDEX101 CEX (Centralized Exchange) 🏢
Run by a company (like Binance or Coinbase) 👨💼
Easy to use and has more buyers and sellers 🛒
You must show your ID 🪪
The exchange keeps your money 💼
Can be hacked or stopped by the government ⚠️
DEX (Decentralized Exchange) 🌐
No company controls it (like Uniswap or PancakeSwap) 🤖
No need to show ID 🙅♂️
You keep control of your own money 🔐
Fewer buyers and sellers 🤝
A bit harder for new users 🧠
In short:
CEX is easier but less private 🤷♂️
DEX is more private but harder to use 🔍
