#CEXvsDEX101
Binance, Coinbase, Kraken, KuCoin
✅ Pros:
User-friendly: Easy to use, especially for beginners.
High liquidity: More trading volume means faster and easier trades.
Customer support: Can recover lost accounts, passwords, etc.
Advanced features: Margin trading, futures, staking, etc.
❌ Cons:
Centralized control: A company controls your funds; you must trust them.
Security risk: More likely to be hacked since they hold users’ funds.
KYC/AML requirements: You often have to verify your identity.
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🟣 DEX: Decentralized Exchange
Examples: Uniswap, PancakeSwap, SushiSwap, dYdX
✅ Pros:
No intermediaries: You control your funds (non-custodial).
Privacy: Usually no need for identity verification.
Global access: Anyone with a crypto wallet can use it.
