#CEXvsDEX101

CEX vs DEX 101:

A Centralized Exchange (CEX) like Binance or Coinbase is run by a company that holds your funds and matches trades, offering speed and ease of use; a Decentralized Exchange (DEX) like Uniswap or TON’s STON.fi lets users trade directly from their wallets with no middleman, giving more control and privacy but often with slower transactions and less liquidity.