#CEXvsDEX101
Sure! Here's a #CEXvsDEX101 breakdown โ a beginner-friendly comparison between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs):
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๐ #CEXvsDEX101: Whatโs the Difference?
๐ Centralized Exchange (CEX)
Examples: Binance, Coinbase, Kraken
Managed by: A company or organization
Custody: The exchange holds your funds
User Experience: Very user-friendly; great for beginners
Speed & Liquidity: Fast transactions and deep liquidity
Regulation: More likely to be regulated and compliant
KYC/AML: Usually requires identity verification
๐ Decentralized Exchange (DEX)
Examples: Uniswap, PancakeSwap, dYdX
Managed by: Smart contracts & community governance
Custody: You hold your own funds (non-custodial)
User Experience: Less intuitive, more technical
Speed & Liquidity: Can be slower; depends on network
Regulation: Operates with little to no regulation
KYC/AML: No KYC required in most cases
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๐ง TL;DR:
Use a CEX if you want ease, speed, and customer support.
Use a DEX if you value privacy, control, and decentralization.
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Want a visual comparison chart or meme-style post for socials? I can help with that too!
