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