#CEXvsDEX101

The Difference Between Centralized and Decentralized Platforms

1️⃣ Centralized Exchange (CEX)

🔹 Examples: Binance, Bybit, OKX

🔹 Requires registration and identity verification (KYC)

🔹 User-friendly interface and technical support

🔹 Assets are managed by the company

🔒 Trust in a third party

2️⃣ Decentralized Exchange (DEX)

🔹 Examples: Uniswap, PancakeSwap, dYdX

🔹 No registration required

🔹 Full control of your wallet

🔹 Relies on smart contracts

🔓 Trust in the system, not individuals

💡 The Fundamental Difference:

In CEX: You do not own the private keys = You do not fully own your assets

In DEX: "Not your keys, not your crypto"

📌 Choose the platform based on your trading goals and security experience.