#CEXvsDEX101

Confused about where to trade crypto? Here's the essential difference between CEX and DEX:

* CEX (Centralized Exchanges): Like crypto banks (e.g., Binance, Coinbase).

* Pros: Easy to use, high liquidity, fiat deposits.

* Cons: You don't hold your keys (custodial risk), KYC required.

* DEX (Decentralized Exchanges): Peer-to-peer on blockchain (e.g., Uniswap, PancakeSwap).

* Pros: You hold your keys (non-custodial), private, censorship-resistant.

* Cons: Can be complex, lower liquidity, gas fees.

do your own research