#CEXvsDEX101 A DEX is a platform that allows peer-to-peer crypto trading without intermediaries.
Examples:
Uniswap
✅ Pros:
You control your funds (non-custodial)
Greater privacy
No sign-ups or KYC
Usually open-source
❌ Cons:
Can be complex for beginners
Lower liquidity (for small tokens)
Slower trades
No fiat support (usually crypto-to-crypto only)
🔐 CEX vs DEX at a Glance:
Feature CEX DEX
Control of Funds Platform controls funds You control your funds
User Friendliness Easy for beginners Often more complex
KYC/AML Requirements Yes Usually no
Fiat Support Yes Rare
Liquidity High Varies
Speed of Transactions Fast Depends on blockchain
Privacy Limited High
Risk of Hacks Higher Lower (but smart contract risk)
🧠 Which Should You Use?
New to crypto? Start with a CEX (like Coinbase).
Want full control/privacy? Try a DEX, but use a secure wallet (e.g., MetaMask).
Trading large amounts? CEXs usually have better infrastructure.
