Understanding the contrast between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is key for anyone navigating the crypto space. Here's a quick side-by-side breakdown
FeatureCEX (Centralized Exchange)DEX (Decentralized Exchange)ControlManaged by a centralized authorityFully user-controlledCustodyPlatform holds user assets (custodial)Non-custodial — users hold their own keysEase of UseBeginner-friendly, intuitive interfacesRequires more technical know-howTransaction SpeedFast and optimizedCan be slower due to network congestionLiquidityTypically highVaries by protocol and usage volumeSecurityVulnerable if the platform is breachedSafer if smart contracts are well-designedKYC/AMLOften mandatoryGenerally not requiredExamplesBinance, Coinbase, KrakenUniswap, PancakeSwap, SushiSwap
🧠 Quick Summary
CEX is easier for beginners but involves giving up custody of your assets.
DEX offers more privacy and control, but demands more technical awareness.
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