#CEXvsDEX101 ### **The difference between CEX and DEX in quick points:**

#### **1. Control of funds:**

- **CEX (like Binance, Bybit):** funds are under the control of the platform.

- **DEX (like Uniswap, PancakeSwap):** funds are in your own wallet (you are in control).

#### **2. Identity (KYC):**

- **CEX:** requires identity (KYC).

- **DEX:** does not require identity (anonymous trading).

#### **3. Security:**

- **CEX:** susceptible to hacking or account freezing.

- **DEX:** more secure (if you use a secure wallet).

#### **4. Liquidity and fees:**

- **CEX:** higher liquidity, lower fees (sometimes).

- **DEX:** depends on "liquidity pools," and gas fees can be high.

#### **5. Better for beginners?**

- **CEX:** easier to use.

- **DEX:** requires a greater technical understanding.

### **Conclusion:**

- **Choose CEX** if you want ease and high liquidity.

- **Choose DEX** if you want full control and privacy.

🚀 **Which is better?** It depends on your needs!