#CEXvsDEX101 Great! Here's a clear and engaging breakdown for #CEXvsDEX101 — perfect for beginners who want to understand the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX):
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🔁 #CEXvsDEX101 – Centralized vs Decentralized Exchanges
📌 What is a CEX (Centralized Exchange)?
A platform operated by a company that acts as an intermediary between buyers and sellers.
✅ Pros:
User-friendly interface (great for beginners)
High liquidity (easier to trade large volumes)
Customer support
Fiat support (deposit/withdraw using banks)
❌ Cons:
Requires KYC (Know Your Customer / ID verification)
Central point of failure (vulnerable to hacks)
Not fully in your control (you don’t own your keys)
🧠 Examples:
Binance
Coinbase
Kraken
Bybit
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🔁 What is a DEX (Decentralized Exchange)?
A blockchain-based platform that allows peer-to-peer crypto trading without intermediaries.
✅ Pros:
No KYC (often anonymous)
You control your assets (non-custodial – "Not your keys, not your coins")
Permissionless access (anyone can use)
❌ Cons:
Lower liquidity (esp. for small tokens)
Slower transactions (depends on network congestion)
**Requires wallet knowledge
