#CEXvsDEX101 The world of cryptocurrencies has two main types of exchanges – centralized (CEX) and decentralized (DEX). Let's break down how they differ 👇

🏦 CEX (Centralized Exchange)

Example: Binance, Bybit, OKX

✔️ Convenient for beginners

✔️ High liquidity

✔️ Customer support

❗️ User does not control private keys

❗️ Risk of account freezing

🌐 DEX (Decentralized Exchange)

Example: Uniswap, PancakeSwap, 1inch

✔️ Full control over funds

✔️ Anonymity (no registration required)

✔️ No one can freeze your account

❗️ May have less liquidity

❗️ More complex for beginners

💡 The main difference:

On CEX, you trust your funds to the exchange.

On DEX, you are your own bank.