#CEXvsDEX101 🚀 What is the difference between CEX and DEX? 🤔
🚀 What is the difference between CEX and DEX? 🤔
In the world of crypto, you've definitely heard of these terms:
CEX = Centralized Exchange
DEX = Decentralized Exchange
But what is the difference between them? Let's take a look 👇
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🏛️ 1. CEX – Centralized Platforms
Like Binance – OKX – Coinbase
🔹 Central operating entity (a company manages the platform)
🔹 Requires account registration and identity verification (KYC)
🔹 High execution speed and professional tools
🔹 Your funds are stored within the platform (Custodial)
📌 Suitable for beginners and fast trading, but you must trust the operating entity.
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🌐 2. DEX – Decentralized Platforms
Like Uniswap – PancakeSwap – dYdX
🔹 No central party (operates via smart contracts)
🔹 No registration or KYC
🔹 Full control of your wallet (Non-Custodial)
🔹 Trading through wallets like MetaMask
📌 Freedom and security, but it can be a bit complex and sometimes slower.
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✅ Which is better?
There isn't one that is better for everyone,
✔️ CEX: If you want ease, support, and fast trading
✔️ DEX: If you prefer privacy and full control over your funds
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📣 Where are you trading?
Share your experience 👇
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#Binance #CryptoEducation #CEXvsDEX101🔥
