#CEXvsDEX101 CEX (Centralized Exchange)

Examples: Binance, Coinbase, Kraken

Key Features:

Operated by a company: A central authority runs the platform.

User accounts: Users sign up, complete KYC (Know Your Customer), and trade through the platform.

Custodial: The exchange holds users’ funds (you don’t directly control your private keys).

High speed & liquidity: Fast transactions and large trading volumes.

Fiat support: Easier to buy crypto using traditional currency (USD, EUR, etc.).