#CEXvsDEX101 that breaks down the key differences between centralized and decentralized exchanges:

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🔄 #CEXvsDEX101 – Know the Difference!

When it comes to trading crypto, not all exchanges are built the same. Let’s break down the two main types:

🔥 CEX (Centralized Exchange)

✅ User-friendly

✅ High liquidity

✅ Faster transactions

⚠️ Requires KYC

⚠️ Your keys = Their custody

Popular examples: Binance, Coinbase, Kraken

🌐 DEX (Decentralized Exchange)

✅ You control your keys

✅ No KYC required

✅ More privacy & transparency

⚠️ Lower liquidity (in some cases)

⚠️ Might be less beginner-friendly

Popular examples: Uniswap, PancakeSwap, dYdX

👉 CEX = Convenience & support

👉 DEX = Freedom & control

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