#CEXvsDEX101

**#CEXvsDEX101: Main Differences Explained**

🔵 **CEX (Centralized Exchanges) - Binance, Coinbase**

✅ Pros:

- Immediate liquidity

- User-friendly interface

- 24/7 support

❌ Cons:

- Custody of your funds

- Mandatory KYC

- Regulatory risk

🟢 **DEX (Decentralized Exchanges) - Uniswap, dYdX**

✅ Pros:

- Self-custody (no intermediaries)

- Global access without KYC

- Innovation in DeFi

❌ Cons:

- Limited liquidity

- Variable fees (gas fees)

- Learning curve

💡 **When to use each one?**

- **CEX**: Beginners/quick trades

- **DEX**: Privacy/access to new tokens