#CEXvsDEX101 – Centralized Exchange vs Decentralized Exchange

🔹 CEX (Centralized Exchange) – example: Binance, OKX

✔️ Easy to use, many coins, high liquidity

❌ Must KYC, assets held by the exchange

🔹 DEX (Decentralized Exchange) – example: Uniswap, PancakeSwap

✔️ No KYC required, self-custody wallet, on-chain trading

❌ Gas fees, fewer unknown coins, more likely to encounter scam tokens

💡 Tip:

• Just starting → should use CEX

• Familiar with wallet & blockchain → experience DEX to understand DeFi better!