#CEXvsDEX101 Centralized vs. Decentralized Exchanges Explained

In crypto trading, choosing the right platform matters. Here’s a quick guide to the difference between CEX (Centralized Exchanges) and DEX (Decentralized Exchanges):

🔹 CEX (e.g., Binance, Coinbase):

User-friendly & fast

High liquidity

Offers customer support

Requires KYC (Know Your Customer)

Funds are held by the exchange

🔹 DEX (e.g., Uniswap, PancakeSwap):

Fully decentralized

No KYC required

You control your funds (non-custodial)

May have lower liquidity and slower trades

Ideal for privacy-focused users