#CEXvsDEX101 CEX vs DEX – What’s the Difference?

🔸 CEX (Centralized Exchange)

Controlled by a company (like Binance, Coinbase)

You need to create an account and verify your identity (KYC)

Easier for beginners, with customer support

Faster transactions, but less privacy

You don’t control your private keys (platform holds your crypto)

✅ Example: Binance, KuCoin, Bybit

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🔸 DEX (Decentralized Exchange)

No company controls it – runs on smart contracts

No need for KYC – more private

You control your wallet and keys

Slightly harder to use, especially for new users

Slower and higher fees sometimes, but more secure and transparent

✅ Example: Uniswap, PancakeSwap, dYdX