#CEXvsDEX101 #CEXvsDEX101 – What's the Difference?

In the world of crypto trading, two main platforms dominate: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).

CEX (e.g., Binance, Coinbase)

These are user-friendly, fast, and offer high liquidity. They act as intermediaries—meaning you trust the platform to hold your funds and execute trades. While convenient, CEXs are vulnerable to hacks and may require KYC (identity verification).

DEX (e.g., Uniswap, PancakeSwap)

DEXs let you trade directly from your crypto wallet—no middleman involved. They offer more privacy and control over your assets. However, they can be slower, less intuitive, and may have lower trading volumes for some coins.

Bottom Line:

CEX = convenience & speed.

DEX = control & privacy.

Choose based on what matters more to you: ease or decentralization.

#CryptoBasics #Blockchain101 #CEXvsDEX101