#CEXvsDEX101 #CEXvsDEX101

๐Ÿš€ What is the difference between CEX and DEX? ๐Ÿค”

In the crypto world, you've definitely heard these terms:

CEX = Centralized Exchange

DEX = Decentralized Exchange

But what's the difference between them? Let's see ๐Ÿ‘‡

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๐Ÿ›๏ธ 1. CEX โ€“ Centralized Platforms

Like Binance โ€“ OKX โ€“ Coinbase

๐Ÿ”น Central operating entity (a company manages the platform)

๐Ÿ”น Requires account registration and identity verification (KYC)

๐Ÿ”น High execution speed and professional tools

๐Ÿ”น Your funds are stored within the platform (Custodial)

๐Ÿ“Œ Suitable for beginners and quick trading, but you must trust the operating entity.