#CEXvsDEX101 In crypto, there are two main types of exchanges: CEX (Centralized Exchange) and DEX (Decentralized Exchange).
🔹 CEX (e.g., Binance, Coinbase)
Managed by a company
User-friendly, fast, with high liquidity
Requires KYC (ID verification)
Funds held in platform wallets (less control)
🔸 DEX (e.g., Uniswap, PancakeSwap)
No middleman – peer-to-peer trading
You keep full control of your wallet
No KYC required
May have lower liquidity and higher slippage
💡 CEX = convenience & speed
💡 DEX = privacy & control
Both have pros and cons. Choose based on your goals: trading volume, security, or decentralization
