#CEXvsDEX101 CEX (Centralized Exchanges):

* How: Traditional exchanges with intermediaries.

* Funds: You deposit them, they hold them.

* Regulation: Yes, they usually ask for your identification (KYC).

* Easy: Easier to use, ideal for beginners.

* Movement: More people trading, usually more "things" to buy/sell quickly.

* Fast: Transactions are usually quick.

* Help: They often have customer support.

* Danger: If they are hacked, they can steal your funds.

* Cost: They may charge more for trading.

* Privacy: Less private due to KYC.

* Examples: Binance, Coinbase.

DEX (Decentralized Exchanges):

* How: Direct exchange between people, without a boss.

* Funds: You have total control, they are in your wallet.

* Regulation: They usually don't ask for your identification, more private.

* Complicated: They can be more difficult to use.

* Movement: Sometimes there are fewer "things" and it may be harder to buy/sell quickly.

* Slow/Expensive (sometimes): Transactions can take longer and cost more (network fees).

* Help: They usually don't have direct help.

* Danger: You are responsible for the security of your funds.

* Cost: Trading fees are usually lower, but network fees can be high.

* Privacy: More private.

* Examples: Uniswap, PancakeSwap.

In short:

* CEX: Easy, fast, with help, but they hold your money and ask for identification.

* DEX: You control your money and your privacy, but it is more complicated and sometimes slower/expensive.