#CEXvsDEX101 Are you new to the world of crypto? Let's clarify the difference between centralized exchanges (CEX) and decentralized exchanges (DEX):

🔐 CEX (Centralized Exchange):

Examples: Binance, Coinbase

✅ Easy to use

✅ Provides customer support

❌ Controls your funds (you do not own the private keys)

🔓 DEX (Decentralized Exchange):

Examples: Uniswap, PancakeSwap

✅ You control your funds

✅ No documentation required (no KYC)

❌ Less user-friendly for beginners

❌ No direct support

🚨 Golden Rule:

"Not your keys, not your crypto."

(If you don’t own the keys, you don’t truly own the currency.)