#CEXvsDEX101 #CEXvsDEX101 What is CEX?
CEX (Centralized Exchange) is a centralized cryptocurrency exchange, like Binance or Coinbase.
You create an account, do KYC (identification), and the platform takes care of your assets and trades.
What is DEX?
DEX (Decentralized Exchange) is a decentralized exchange, like Uniswap or PancakeSwap.
You use your own wallet (e.g., MetaMask), without registration, and trade directly with other users, via smart contracts.