#CEXvsDEX101 Quick Guide for My Binance Fam

🔹 CEX (Centralized Exchange)

– User-friendly UI, ideal for beginners

– High liquidity & fast order matching

– 24/7 customer support + insurance funds

– KYC required → your identity is tied to your wallet

🔹 DEX (Decentralized Exchange)

– Trade straight from your own wallet (no middle-man)

– Full custody of your funds & private keys 🔑

– Permissionless listings & global access

– Lower liquidity & higher gas fees at peak times