#CEXvsDEX101

CEX vs DEX 101 is a simple way to introduce the basic knowledge (level 101 – introductory) about the differences between two types of cryptocurrency exchanges: CEX (Centralized Exchange) and DEX (Decentralized Exchange). Below is a clear and easy-to-understand explanation:

🏛️ CEX (Centralized Exchange) – Centralized Exchange

✔️ What is it?

It is an exchange operated by a central organization (for example: Binance, Coinbase, Kraken). Users must create an account and usually undergo KYC (identity verification).

📌 Features:

Fast transactions, high liquidity.

Customer support available.

Suitable for beginners.

Users do not have direct control over their assets (must deposit funds into the exchange's wallet).

⚠️ Disadvantages:

Can be attacked or go bankrupt (for example: FTX).

Dependent on third parties.