#CEXvsDEX101

CEX vs DEX: Key Differences

Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two main types of crypto trading platforms. CEXs like Binance or Coinbase are operated by companies, offering high liquidity, fast transactions, and customer support. Users must create accounts and pass KYC checks.

DEXs like Uniswap or PancakeSwap run on blockchain networks and allow peer-to-peer trading without intermediaries. They offer greater privacy and control over funds but may have lower liquidity and slower speeds.

CEXs are ideal for beginners due to ease of use, while DEXs suit users prioritizing decentralization and security. Both have pros and cons, depending on your trading goals and risk tolerance.