#CEXvsDEX101 CEX vs DEX (Centralized vs Decentralized Exchange)

A Centralized Exchange (CEX) is a crypto platform run by a company. You create an account, give your ID, and the company helps you trade. Examples are Binance, Coinbase, and Kraken. CEX is easy to use, fast, and has customer support. But your coins are kept by the company, not by you. If the company is hacked or shuts down, you can lose your money.

A Decentralized Exchange (DEX) does not need a company to run it. You use your own wallet to trade directly with others. Examples are Uniswap, PancakeSwap, and SushiSwap. You don’t need to share your ID. Your coins stay with you. It’s more private and safe from hacks. But DEX can be slower, have fewer coins, and be harder for beginners.

CEX is good for people who want easy trading and help. DEX is better for people who want more control and privacy.

Both have good and bad sides. You can choose what fits you best.