#CEXvsDEX101
🔍 CEX vs DEX 101 | What is the difference between centralized and decentralized exchanges?
In the crypto world, trading platforms are divided into two types:
CEX (Centralized Exchanges) like Binance and Coinbase, are managed by a central authority, providing high speed, strong liquidity, and a simplified user experience. However, they require identity verification and store currencies within the platform.
DEX (Decentralized Exchanges) like Uniswap and PancakeSwap, allow direct trading from the wallet without an intermediary or identity verification. They grant greater freedom and control, but are slower in terms of executing trades and may suffer from limited liquidity.
✅ In summary:
Choose CEX for convenience and speed, or DEX for privacy and complete control over your funds.