#CEXvsDEX101

What is CEX?

CEX (Centralized Exchange) is a centralized cryptocurrency exchange, like Binance or Coinbase.

You create an account, complete KYC (identification), and the platform manages your assets and trades.

What is DEX?

DEX (Decentralized Exchange) is a decentralized exchange, like Uniswap or PancakeSwap.

You use your own wallet (e.g., MetaMask), without registration, and trade directly with other users via smart contracts.