#CEXvsDEX101 Do you know the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX)? Here are the main differences:

**Centralized Exchanges (like Binance or Coinbase):**

- Managed by companies (require KYC).

- Hold your funds in their own wallets.

- Characterized by high liquidity and execution speed.

- Ideal for beginners due to their support for traditional currencies (fiat).