#CEXvsDEX101
#CEXvsDEX101 🔄🔐
Confused about Centralized Exchanges (CEX) vs Decentralized Exchanges (DEX)? Let’s simplify it:
🔹 CEX (Centralized Exchange)
– Examples: Binance, Coinbase
– Easy to use, high liquidity
– Requires KYC (ID verification)
– You don’t fully control your crypto
🔹 DEX (Decentralized Exchange)
– Examples: Uniswap, PancakeSwap
– No middleman – you trade directly
– No KYC – more privacy
– You keep full control of your wallet 🔐
CEX = Convenience
DEX = Freedom & Privacy
