#CEXvsDEX101

🔁 CEX vs DEX 101

Your Quick Guide to Crypto Exchanges

Stepping into the world of crypto? Understanding the difference between CEX (Centralized Exchange) and DEX (Decentralized Exchange) is essential. Let’s break it down 👇

🏛️ Centralized Exchanges (CEX)

Examples: Binance, Coinbase, Kraken

✅ Pros:

Beginner-friendly interface

High liquidity = fast and efficient trades

24/7 customer support

Advanced tools (futures, margin, staking, etc.)

⚠️ Cons:

Custodial: The platform controls your funds

Requires KYC/ID verification

Subject to government regulations

🔒 Trust the platform to execute and store your trades

🌐 Decentralized Exchanges (DEX)

Examples: Uniswap, PancakeSwap, dYdX

✅ Pros:

Non-custodial: You hold your own keys

No KYC – trade with privacy

Global and permissionless access

⚠️ Cons:

Lower liquidity = slower/more expensive trades

No formal customer support

Risk of fake tokens or scams