#CEXvsDEX101 #CEXvsDEX101
๐ What is the difference between CEX and DEX? ๐ค
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 ๐
---
๐๏ธ 1. CEX โ Centralized Platforms
Like Binance โ OKX โ Coinbase
๐น Central operating entity (a company manages the platform)
๐น Requires account registration and identity verification (KYC)
๐น High execution speed and professional tools
๐น Your funds are stored within the platform (Custodial)
๐ Suitable for beginners and quick trading, but you must trust the operating entity.