#CEXvsDEX101 🏦 CEX vs DEX 101 – Centralized vs Decentralized Exchanges
---
🔹 1. CEX – Centralized Exchange
> Examples: Binance, Bybit, Coinbase
✅ Pros:
Easy to use (good for beginners)
High liquidity & fast trade execution
Customer support
Supports fiat deposits/withdrawals
❌ Cons:
You don’t control your private keys
Can freeze assets or require KYC
Prone to hacks (single point of failure)
---
🔸 2. DEX – Decentralized Exchange
> Examples: Uniswap, PancakeSwap, dYdX
✅ Pros:
Non-custodial (you control your funds)
No KYC (mostly)
Access to new tokens early
Global and censorship-resistant
❌ Cons:
Requires a crypto wallet (e.g., MetaMask)
Slower, sometimes higher fees (gas)
Lower liquidity for small tokens
No customer support
---
⚖️ CEX vs DEX – Quick Comparison
Feature CEX DEX
Control Exchange controls funds You control your wallet
KYC Usually required Rarely needed
Liquidity Higher Varies
Security Centralized risk Smart contract risk
Ease of Use Beginner-friendly Needs Web3 knowledge
