In crypto, you’ll hear about two main types of exchanges: CEX and DEX. Here's a simple breakdown:
🏦 CEX = Centralized Exchange
Examples: Binance, Coinbase, Kraken
✅ User-friendly, fast, and supports fiat money (USD, EUR...)
✅ Good for beginners
❌ You don’t fully control your funds (platform holds your crypto)
❌ Requires ID verification (KYC)
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🌐 DEX = Decentralized Exchange
Examples: Uniswap, PancakeSwap, dYdX
✅ You keep full control of your wallet & crypto
✅ No KYC (just connect your wallet)
❌ Can be slower & harder to use
❌ Usually doesn’t support fiat currency directly
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🧠 CEX = Convenience & speed
🔐 DEX = Privacy & control
Choose based on your goals—but always DYOR (Do Your Own Research) before using either!
honest remark: this is AI generated, but I've checked the reliability of all the stated informations,so no need to worry.
