#CEX vs DEX101

Confused about where to trade your crypto? Let's break down Centralized (CEX) vs Decentralised Exchange(DEX) in simple terms!

$CEX (eg, $BNB , $COIN)

1)User-Friendly

2)High liquidity & fast trades

3)Fiat on/off ramps

3)Requires KYC

4)Custodial (you don't hold keys)

$DEXE (eg, $UNI ,$UNI, $CAKE)

1)No KYC-fully private

2)Non-custodial(you own your keys)

3)Permissionless & global

4)Lower liquidity (sometimes)

5)Complex for beginers