#CEXvsDEX101 1. CEX (Centralized Exchange)
Run by a company (e.g., Binance, Coinbase)
Easy to use, fast trades
Requires KYC (identity verification)
You don’t fully control your crypto
2. DEX (Decentralized Exchange)
No middleman (e.g., Uniswap, PancakeSwap)
You trade directly from your wallet
More private, no KYC
Slower and less user-friendly
CEX = convenient, trusted
DEX = private, self-custody#CEXvsDEX101🔥
