#CEXvsDEX101 Centralized vs Decentralized Exchanges

If you're trading crypto, you're using either a CEX or a DEX – but do you really understand the difference? Here's a breakdown you can't ignore 👇

🏢 CEX – Centralized Exchange

Examples: Binance, Coinbase, Kraken

🔐 Custodial: You give control of your private keys

💳 User-Friendly: Easy UI, fiat on-ramps, faster execution

👮 KYC/Regulated: Requires identity verification

⚠️ Risk: Prone to hacks, freezes, and shutdowns

✅ Best for: Beginners, high-volume traders, fiat-to-crypto access

🌐 DEX – Decentralized Exchange