#CEXvsDEX101 #CEXvsDEX101 Did you know that there are two main types of exchanges in the crypto world? CEX (centralized exchanges) like Binance or Bybit, and DEX (decentralized exchanges) like Uniswap or PancakeSwap. CEXs offer higher liquidity, customer support, user-friendly interfaces, and tend to be faster, but require identity verification (KYC) and hold your funds. On the other hand, DEXs give you full control over your cryptocurrencies, do not require KYC, and operate without intermediaries, although they may have lower liquidity and be more complex for new users. Choosing between CEX and DEX depends on your level of experience and your priorities in security and autonomy.