#CEXvsDEX101
CEX (Centralized Exchange)
Run by companies (e.g., Binance, Coinbase)
Easy to use, faster trades
Requires ID (KYC)
You don’t control your private keys
DEX (Decentralized Exchange)
Peer-to-peer (e.g., Uniswap, PancakeSwap)
No ID needed (more privacy)
You control your funds (non-custodial)
Slower, can be harder for beginners