๐ CEX vs DEX โ Whatโs the Difference?
๐ CEX (Centralized Exchange):
Centralized platforms like Binance, Bybit, or Coinbase.
โก๏ธ Requires KYC
โก๏ธ Easy to use
โก๏ธ Assets stored by a third party
๐ DEX (Decentralized Exchange):
Decentralized platforms like Uniswap, PancakeSwap.
โก๏ธ No KYC
โก๏ธ You hold your own wallet & assets
โก๏ธ Direct transactions between users (peer-to-peer)
๐ฏ In summary:
CEX = Convenient & fast, but more centralized
DEX = More private & free, but requires technical understanding
