#CEXvxDEX101

💱 CEX vs DEX 101 🚀

Wondering what’s the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)?

🔐 CEX (Centralized Exchange):

Managed by a company (like Binance, Coinbase)

User funds are held by the exchange

Easier to use, higher liquidity

KYC is usually required

🌐 DEX (Decentralized Exchange):

No middleman – peer-to-peer trading (like Uniswap, PancakeSwap)

You hold your own keys & funds

More privacy, but less user-friendly

Slower, with lower liquidity