#CEXvsDEX101

### The Difference Between CEX and DEX in Brief 🌟

#### 1. Centralized Exchange (CEX) - like Binance, Bybit

- Controlled by a company (trusted broker).

- Requires KYC (User identification).

- Faster and easier** for beginners.

- Higher fees** sometimes.

- Funds stored at the exchange (risk of hacking).

#### **2. Decentralized Exchange (DEX) - like Uniswap, PancakeSwap**

- Not controlled by a single entity (operates via Smart Contracts).

- No KYC required (higher privacy).

- Requires a wallet like MetaMask.

- Lower fees but can be complex for beginners.

- Funds are always under your control (safer).

When to choose which?

- CEX: If you are a beginner or want a quick trade.

- DEX: If you want complete control over your funds and higher privacy.

In summary: Both complement each other based on need.