#CEXvsDEX101

📊 CEX vs DEX: What is the difference?

In the world of cryptocurrencies, there are two main types of exchanges: CEX and DEX. But what really changes?

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🔒 CEX (Centralized Exchange)

Examples: Binance, Coinbase, Kraken

✅ Pros:

• Easy to use (great for beginners)

• High liquidity

• Customer service and support

• Fast transactions

❌ Cons:

• You do not control your private keys

• They can be hacked

• Risk of censorship or bans

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🔑 DEX (Decentralized Exchange)

Examples: Uniswap, PancakeSwap, dYdX

✅ Pros:

• Total control over your funds (self-custody)

• No registration or KYC

• Greater privacy and resistance to censorship

❌ Cons:

• Less intuitive for new users

• Variable fees (e.g., gas fees on Ethereum)

• Less liquidity on some pairs

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⚖️ Which to choose?

• If you seek convenience and speed → CEX

• If you want autonomy and privacy → DEX

➡️ Many use both, depending on the situation.

💡 DYOR (Do Your Own Research) and choose what fits your investment style.