#CEXvsDEX101

#CEXvsDEX101 – What You NEED to Know 🔍

In crypto, knowing the difference between CEX (Centralized Exchange) and DEX (Decentralized Exchange) is essential.

🔄 CEX (Centralized Exchange)

✅ Beginner-friendly

✅ High liquidity & fast trades

✅ Customer support

❗ You trust a 3rd party with your funds (KYC, custody, etc.)

Examples: Binance, Coinbase, Kraken

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🔁 DEX (Decentralized Exchange)

✅ Full control over your assets

✅ No KYC required (in most cases)

✅ Peer-to-peer trades on-chain

❗ May have lower liquidity & steeper learning curve

Examples: Uniswap, PancakeSwap, dYdX

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