#CEXvsDEX101 CEX (Centralized Exchange)

Examples: Binance, Coinbase, Kraken

Custodial: You don’t own your private keys

User-Friendly: Easy UI, customer support

Liquidity: Typically higher

Security Risk: More prone to hacks, exchange shutdowns

🔸 DEX (Decentralized Exchange)

Examples: Uniswap, PancakeSwap, dYdX

Non-Custodial: You control your keys

Privacy: No KYC (usually)

Transparency: Fully on-chain

Learning Curve: Requires wallet knowledge