#CEXvsDEX101

Here's a brief guide #CEXvsDEX101 — the differences between centralized and decentralized crypto exchanges:

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🏦 CEX (Centralized Exchange) — centralized exchange

Examples: Binance, Bybit, Kraken, Coinbase

🔹 Pros:

User-friendly interface

High liquidity

Fast transactions

Support for fiat currencies

Customer support

🔸 Cons:

Storing funds on the exchange (risk of hacking)

Verification (KYC)

Centralized control

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🌐 DEX (Decentralized Exchange) — decentralized exchange

Examples: Uniswap, PancakeSwap, dYdX

🔹 Pros:

No KYC — complete anonymity

You control your funds (self-custody)

Transparent smart contracts

Anyone can create a token

🔸 Cons:

Lower liquidity (depending on the token)

Interface is more complicated for beginners

Risks of scam tokens

No support

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🧠 Conclusion:

CEX — for beginners, convenience, and fiat

DEX — for advanced users, anonymity, and decentralization

Would you like me to make a visual table or comparison for your presentation/post?