#CEXvsDEX101 – Understanding the Difference

When diving into crypto trading, one of the first choices you'll face is between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX).

🔐 CEX (e.g., Binance, Coinbase):

Managed by companies

Easy-to-use interfaces

High liquidity and fast execution

Requires KYC (identity verification)

Funds are held in custodial wallets

🌐 DEX (e.g., Uniswap, PancakeSwap):

No central authority

You control your private keys

No KYC needed

Lower liquidity but more privacy

Smart contract-based

✅ CEX = Convenience & speed

✅ DEX = Privacy & control

Both have unique benefits. Choosing the right one depends on your goals, risk tolerance, and how much control you want over your assets.

Which do you prefer?

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