#CEXvsDEX101 #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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