#CEXvsDEX101
CEX means Centralized Exchange. It is a platform like Binance or Coinbase where you can buy and sell crypto. A company controls it. You need to sign up and give your ID to use it.
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What is DEX?
DEX means Decentralized Exchange. It is a platform like Uniswap or PancakeSwap where you can trade without giving your ID. No one controls it. You use your own wallet like MetaMask.
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Main Difference
CEX is easy to use and fast. But you don’t fully control your money.
DEX gives you full control of your money, but it can be harder for beginners.
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Pros of CEX
Easy for new users
Fast trading
Customer support helps you
But your money is in their hands, not yours.
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Pros of DEX
You control your wallet
No ID needed
More privacy
But there is no one to help if you make a mistake.
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Which One to Use?
If you are new, CEX may be better to start with.
If you know how wallets work, DEX is more free and private.
Both have good and bad points. Learn first, then choose.
