#CEXvsDEX101

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📌 The difference between centralized and decentralized platforms

🏢 Centralized platforms (CEX):

Examples: Binance, Coinbase

Managed by companies.

User-friendly and fast.

Require identity verification.

Hold users' funds.

🌐 Decentralized platforms (DEX):

Examples: Uniswap, PancakeSwap

No intermediary.

No verification needed.

Users keep their funds.

Less user-friendly for beginners.

✅ Summary:

CEX is suitable for beginners, DEX offers more privacy and control over funds.