🔄 #CEXvsDEX101: Quick Guide
🏦 CEX (Centralized Exchange):
User-friendly, fast, high liquidity
Requires KYC (ID verification)
You don’t control your crypto (custodial)
Examples: Binance, Coinbase
🌐 DEX (Decentralized Exchange):
Peer-to-peer, no KYC, full privacy
You control your wallet & keys (non-custodial)
May be slower, less intuitive
Examples: Uniswap, PancakeSwap
⚖️ Summary:
CEX = Easy & fast, but less control
DEX = Private & secure, but more technical